Ted Baker appoints two new independent directors

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Ted Baker plc, announced the appointments of Fumbi Chima and Meg Lustman as independent non-executive directors of the company with immediate effect.

Commenting on the new appointments, John Barton, Chairman of Ted Baker, said, “I am delighted to welcome Fumbi and Meg to the group’s board of directors. They bring new experiences and skills to the group at an exciting time for Ted Baker. We are one year away from the transformation plan and, even despite the impact of Covid-19 over the past year, our business is in a much stronger position than it was. “

Fumbi Chima, the company said, is currently executive vice president and chief information officer at BECU, the US-based credit union. Having previously held similar roles at Adidas, Fox Network Group, Burberry, Walmart Asia and American Express operations, Chima is an expert in digital transformation strategy in high growth environments across various industries. Chima is also currently a non-executive director of Whitbread plc.

“As Ted Baker continues to move forward with his transformation plan, I look forward to leveraging my digital transformation experience to be able to further support the group in the future,” added Chima.

Meg Lustman, the company added, has over 35 years of retail experience and has led the transformation and growth of some of the UK’s most well-known High Street brands, most recently as as CEO of Hobbs. Lustman currently supports CEOs and senior executives in an advisory capacity and is Vice President of Glasgow Caledonian University.

Lustman added, “Ted Baker is a unique brand and I am delighted to have the opportunity to help the board and management team realize its full potential.


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