TIDMWINE
RNS Number : 5027F
Naked Wines PLC
17 November 2020
17 November 2020
Naked Wines plc
("Naked Wines" or "Naked")
Appointment of Chief Financial Officer and director
Naked Wines is delighted to announce the appointment of Shawn
Tabak as Chief Financial Officer ("CFO"). Shawn will join Naked on
7 December 2020.
This follows the previous announcement that James Crawford,
current CFO of Naked, has been appointed Managing Director of the
Naked Wines' UK business. James will hand over his duties as CFO to
Shawn during December and step down from the board on 31 December
2020, at which point Shawn will be appointed to the Board.
Shawn was previously Vice President of Finance at Upwork Inc.,
the world's largest work marketplace that connects businesses with
independent talent, Vice President of Investor Relations and
Treasury at Shutterfly and CFO at Clean Power Finance, a
venture-backed company. Prior to working in industry, Shawn spent
10 years at KPMG in the USA and Australia, across a range of audit
and transaction services roles, during which time he achieved his
CPA qualification. He will be based out of Naked's US Headquarters
in Napa, CA.
Nick Devlin, Group CEO, commented:
"I'm delighted that Shawn will be joining Naked and am excited
about partnering with him to deliver the next stage in Naked's
growth. Shawn's deep understanding of driving growth through a
focus on customer economics and cohorts makes him ideally suited to
the role at Naked. Additionally, his understanding of the US market
will be highly valuable and recruiting this role in the USA, our
largest market, is another key step in our transition from British
start-up to a US-led global pureplay.
I'm also delighted to be working with James in his new role and
given his history with Naked he will hit the ground running. James
has guided the business through many challenges as a start-up and
through its growth story and he will now continue to grow our UK
operations in his new role as UK MD."
Shawn Tabak, incoming Group CFO, commented:
"I'm delighted to join the team at Naked Wines, a company that's
disrupting the wine industry for the benefit of consumers and
independent winemakers. This is an exciting time as the company's
differentiated business delivers superior value to wine consumers
in a large and growing online wine market, and I look forward to
working with this strong team to create value for customers,
employees, and shareholders."
Shawn Tabak (41) holds or has held the following directorships
in the past five years:
Current Directorships or Partnerships Previous Directorships or
Partnerships
Nil Nil
--------------------------
Mr. Tabak does not hold any shares in the Group. There are no
other matters which are required to be disclosed in accordance with
Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for
Companies.
For further information, please contact:
Naked Wines PLC ir@nakedwines.com
Nick Devlin, Chief Executive Officer
James Crawford, Chief Financial Officer
Investec (Joint Corporate Broker) Tel: 0207 597 5970
David Flin / Carlton Nelson
Jefferies International Limited (Joint Corporate Broker) Tel: 0207 029 8000
Ed Matthews / Harry Clements / Yusuf Subzposh
Instinctif Partners (PR Agency) Tel: 0207 457 2020
Damian Reece / Guy Scarborough / Sarah Hourahane or 07931 598 593
About Naked Wines PLC
Naked Wines connects everyday wine drinkers with the world's
best independent winemakers.
Why? Because we think it's a better deal for everyone. Talented
winemakers get the support, funding and freedom they need to make
the best wine they've ever made. The wine drinkers who support them
get much better wine at much better prices than traditional
retail.
It's a unique business model. Naked Wines customers commit to a
fixed prepayment each month which goes towards their next purchase.
Naked in turn funds the production costs for winemakers, generating
savings that are passed back to its customers. It creates a
virtuous circle that benefits both wine drinker and winemaker.
Our mission is to change the way the whole wine industry works
for the better. In the last year, we have served nearly 600,000
individual customers in the US, UK and Australia, making us a
leading player in the fast-growing direct-to-consumer wine
market.
Our customers (who we call Angels) have direct access to over
200 of the world's best independent winemakers making over 1,000
quality wines in 19 different countries. We collaborate with some
of the world's best independent winemakers like Matt Parish
(Beringer, Stags' Leap) and 8-time Winemaker of the Year Daryl
Groom (Penfolds Grange).
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