Former CEO Takes the Helm as Current Chair Steps Down

  • Naked Wines appoints former founder Rowan Gormley as chairman
  • Delay in releasing full-year results until higher end of £15-£18m EBIT expected
  • Current chairman David Stead steps down and leaves the board
  • Company aims to recruit new customers for profitable growth
  • Naked Wines founded by Gormley in 2008, reached nearly £200m revenues
  • David Stead praises Gormley’s ability to deliver profit and wishes him success
  • Rowan Gormley excited to return to larger business with potential for growth

Naked Wines has appointed its founder and former CEO, Rowan Gormley, as chairman following the departure of current chairman David Stead. The wine retailer also announced a delay in releasing its full-year results, which are now expected to show EBIT at the higher end of previous guidance of £15-£18m. Gormley, who founded Naked Wines in 2008 and grew it to nearly £200m revenues, is well positioned to support the company’s goal of recruiting new customers for profitable growth. Stead praised Gormley’s ability to deliver profit and wished him success. Gormley expressed excitement about returning to a larger business with potential for growth.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about the appointment of Rowan Gormley as chairman, the delay in releasing full-year results, and the appointment of Jack Pailing to the board. It also includes relevant quotes from current and incoming chairmen.
Noise Level: 3
Noise Justification: The article provides relevant information about the appointment of a new chairman and the delay in releasing full-year results. It also mentions the company’s focus on profitable growth and the addition of a new board member. However, it lacks in-depth analysis or exploration of long-term trends or consequences of decisions.
Financial Relevance: Yes
Financial Markets Impacted: Naked Wines
Financial Rating Justification: The article discusses the appointment of a new chairman and the delay in releasing full-year results for Naked Wines, which is a financial matter for the company. It also mentions the expected EBIT (Earnings Before Interest and Taxes) for the year. This indicates that it pertains to financial topics and can impact the company’s financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification:

Reported publicly: www.retailsector.co.uk