The Works makes new board appointments
The Works has made two additions to its board following Kelso Group’s investment in the business last year.
John Goold and Mark Kirkland, who are chief executive and chief financial officer at Kelso Group respectively, have both been appointed as non-executive directors with immediate effect.
Subscribe to TRBKelso has been an investor in the value retailer of books, arts and crafts, stationery, toys and games since September 2023 and on 30 October 2023 announced a holding in The Works of 5.1%.
The pair will become members of the retailer’s board but will not join any committees as their main focus will be all matters relating to shareholder value.
In a statement, The Works said its major shareholders are supportive of the move.
Carolyn Bradley, chair of The Works, said: “I am pleased to welcome John and Mark to the board following Kelso’s investment in The Works last year.
“They bring extensive corporate and operational experience at board level and will be an asset to The Works as we continue to deliver our ‘Better, not just Bigger’ strategy. We are grateful for their ongoing support and look forward to working together to drive shareholder value.”
