Zamaz PLC (LSE:ZAMZ) has said its chief executive officer Christopher Hill will be stepping down at the AGM on 31 January 2023 but will continue to work with the company in a role to focus on sourcing and acquiring retail and eCommerce businesses and brands.
Daniele Besnati, the current chief operating officer, will take over Hill's responsibilities, said the online ethical consumer goods specialist, which listed on the London Stock Exchange in September last year.
"On behalf of everyone at Zamaz, I would like to thank Chris for his services as a director of the company, and, from a personal perspective, for his tremendous contribution during the listing process. We look forward to working with him in his new role,” commented Zamaz chairman Martin Groak in a statement.
READ: Zamaz sales ahead of target since September listing
The company also announced that Dominic White and Dr Niccolò Caderni will be proposed as non-executive directors at the forthcoming AGM, with Dr Caderni as independent non-executive director.
White is Zamaz's largest beneficial shareholder and was its chairman from its formation in 2019 until November 2021. He is a member of the Institute of Financial Analysts, has over 25 years' experience in the investment sector and has held board level investment positions at a number of international institutions including Security Capital, European Realty, Henderson Global Investors and Cordea Savills Investment Management.
He is currently chairman of Eight Capital Partners, an international tech-orientated financial services group listed on the AQSE Growth Market.
Dr Caderni holds a portfolio of advisory and non-executive roles, chiefly in digital transformation and life sciences, is a member of the European Institute of Technology Culture and Creativity Supervisory Board, and is the chairman of RAFT, a leading medical research charity and a Trustee of the Chelsea Accademy Foundation.
Groak said White and Caderni’s financial, academic and entrepreneurial skills will be of “great benefit to the company in this pivotal period as we develop our brand and product portfolio and create value-added opportunities for investors”.