31st Jan 2020 10:35
(Alliance News) -Â Laura Ashley Holdings PLC on Friday said Kwan Cheong Ng will step down as chief executive on April 30.
He will, though, remain on the board as a non-executive director after stepping down from the CEO role. Chief Operating Officer Katharine Poulter will succeed him as CEO, effective from May 1.
Shares in the clothing and homewares retailer were down 10% at 2.92 pence in London on Friday.
By Lucy Heming;Â [email protected]
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