PEPCO (PCO): PEPCO GROUP NV (11/2023) Trevor Masters to step down as CEO of Pepco Group - raport 11/2023
Report no 11/2023
Podstawa prawna: Pepco Group hereby notifies that Trevor Masters has informed the Board of Directors of Pepco Group N.V. of his decision to step down as CEO of the company. He will leave with immediate effect.
Andy Bond, Chair of the Board, will step into the role of Executive Chair, leading the executive team and overall management of the company until a successor CEO is appointed.
The Company takes this opportunity to update current EBITDA (IFRS 16) guidance for the year ending 30 September 2023, which is expected to be slightly lower than previously anticipated although in line with Company compiled analyst consensus, on the back of weaker than expected sales performance.
The Company confirms that it will meet the FY23 net new store opening target of 550 stores.
