Ted Baker appoints Lindsey Page as new CEO

Ted Baker has appointed Lindsay Page as the company’s new CEO, following the announcement the investigation into former CEO Ray Kelvin’s conduct had concluded.

The fashion retailer’s board revealed, in light of Kelvin’s resignation with immediate effect on 4 March 2019, the conclusions and recommendations of the investigation carried out by law firm Herbert Smith Freehills (HSF), focused on the company’s policies, procedures and handling of HR-related complaints.  

The company added it will not be making any comment on the specific allegations which were made against Kelvin, which he denies.

New CEO Page will take the reigns of the company with immediate effect having joined Ted Baker as group finance director in February 1997 – taking on the additional role of COO in July 2014. In December 2018, he was appointed acting CEO.

During his 22 years with the company, Ted Baker said he has been “instrumental in the development and implementation of many of the strategic initiatives, both in the UK and internationally, which have underpinned the growth and performance of Ted Baker as a global lifestyle brand”.

The company’s nomination committee is also considering further board appointments, which it said will be announced in due course. As previously announced, David Bernstein will continue to support Page in his capacity as executive chairman until a new non-executive chairman is appointed.

Bernstein said: “We are delighted to confirm the appointment of Lindsay as our new CEO. Lindsay has been a key driving force in Ted Baker’s expansion as a global lifestyle brand over the last 22 years. Throughout the process that led to his appointment, Lindsay has demonstrated to myself and the board his unrivalled knowledge of the business and his clear vision on the opportunities and priorities that lie ahead.

“He is exceptionally well regarded by our teams and our partners, making him the outstanding candidate for the role. On behalf of the board and everyone at Ted Baker, we congratulate Lindsay on his appointment and wish him well in his new role.”

Page added: “I am delighted to have been chosen by the board to be the company’s new CEO. We have a strong brand and outstanding teams around the world, and I am confident that together we will continue to build on our success and continue to develop Ted Baker as a global lifestyle brand.”