Science in Sport PLC Directorate Change (5960Q)
19 Outubro 2023 - 3:00AM
UK Regulatory
TIDMSIS
RNS Number : 5960Q
Science in Sport PLC
19 October 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("MAR").
Science in Sport plc
(the "Company")
Directorate Change
Science in Sport plc (AIM: SIS), the premium performance
nutrition company serving elite athletes, sports enthusiasts, and
the active lifestyle community, announces that Stephen Moon is
stepping down from his role as CEO. This will take place with
immediate effect, with Stephen remaining employed, and on garden
leave, during his notice period. Chairman Dan Wright has been
appointed as Executive Chairman.
Dan Wright, Chairman, commented: "We would like to thank Stephen
for the role he has played with the Company for over a decade. He
has been instrumental in Science in Sport and PhD becoming leading
sports nutrition brands, culminating in the completion of the world
class supply chain facility in Blackburn that is pivotal for the
next phase of profitable growth."
Stephen Moon, former Chief Executive commented: "It has been a
privilege to serve as Chief Executive for over the last ten years.
Over my tenure, the business has grown from humble beginnings to a
world class manufacturing facility, with a global omni-channel
presence underpinned by two market leading brands. This could not
have been delivered without the hard work and dedication of a
talented workforce that I have had the pleasure to lead over this
period. The business is set up to leverage the investment made in
the Blackburn facility, which I believe will deliver continued high
levels of growth and profitability over the long term."
For further information:
Science in Sport plc T: 020 7400 3700
Dan Wright, Executive Chairman
Daniel Lampard, CFO
Liberum (Nominated Adviser and T: 020 3100 2000
Broker)
Richard Lindley / Anake Singh
Notes to Editors
About Science in Sport plc
Headquartered in London, Science in Sport plc is a leading
sports nutrition business that develops, manufactures, and markets
innovative nutrition products for professional athletes, sports and
fitness enthusiasts and the active lifestyle community. The Company
has two highly regarded brands, PhD Nutrition, a premium
active-nutrition brand targeting the active lifestyle community,
and SiS, a leading endurance nutrition brand among elite athletes
and professional sports teams.
The two brands sell through the Company's phd.com and
scienceinsport.com digital platforms, third-party online sites,
including Amazon and Tmall, and extensive retail distribution in
the UK and internationally, including major supermarkets, high
street chains and specialist sports retailers. This omnichannel
footprint enables the Company to address the full breadth of the
sports nutrition market, sports nutrition market, worth $24.6bn in
2022 and forecast to grow CAGR 5.9% from 2022 to 2027.(1)
SiS, a leading endurance nutrition business founded in 1992, has
a core range comprising gels, powders and bars
focused on energy, hydration, and recovery. SiS is an official
endurance nutrition supplier to over 320 professional teams,
organisations, and national teams worldwide.
SiS is Performance Solutions partner to Ineos Grenadiers cycling
team, Tottenham Hotspur and CGC Nice football, as well as Official
Nutrition Partner to the Milwaukee Bucks, 2021 National Basketball
Association Champions.
PhD is one of the UK's leading active nutrition brands with a
reputation for high quality and product innovation. The brand has
grown rapidly since its launch in 2005. The range now comprises
powders, bars, and supplements, including the high protein, low
sugar range, PhD Smart. PhD brand ambassadors include leading
endurance and strength athlete Ross Edgley and influencer Gabby
Allen.
For further information, please visit phd.com and
scienceinsport.com
(1) Euromonitor Passport Database Global Assessment (October
2022)
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END
BOAGPGMGUUPWPGR
(END) Dow Jones Newswires
October 19, 2023 02:00 ET (06:00 GMT)
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