Naked Wines PLC (AIM:WINE, OTCQX:NWINF) said it has appointed Rowan Gormley, its former chief executive officer and material shareholder, as an advisor to the board as it finalises its revised operational and financial plans for the business.
The revised plans will be announced during the week starting October 17, 2022, the AIM-listed online wine seller said.
READ: Naked Wines says it is reviewing plans for next eighteen months
Gormley, who currently holds a 2.9% stake in Naked Wines, will represent the views of shareholders and advise the board accordingly.
The position of board advisor is unpaid and is expected to last for a period of two to three months, the company said.
"We wanted shareholder involvement in our ongoing operational and financial planning process,” commented Naked Wines chairman Darryl Rawlings in a statement.
“I welcome Rowan providing his insight to us because his operational familiarity with the business and his viewpoint as a shareholder will provide a unique and valuable perspective to the board as we position Naked for long-term sustainable growth," he added.