Headlines

Ted Baker Founder Resigns

Allegations of inappropriate behavior pushed out the CEO, Chair

Published

5 years ago

March 4, 2019

kmpeyton

Ted Baker Plc (London) has announced that its founder and CEO, Ray Kelvin, along with its board chair, David Bernstein, will step down from their roles by Nov. 30, 2020, according to Bloomberg. The departure announcements follow several months of media reports alleging misconduct by Kelvin.

Lindsay Page, formerly in charge of finance operations, has served as acting CEO since the scandal was first publicized in December, taking over Kelvin’s role. The business has struggled under Page’s leadership, and a permanent replacement for Kelvin has not yet been named.

The company’s business tanked following the allegations of inappropriate physical contact. It spiked in January, but fell again, though not quite plummeting to its all-time low when the allegations were first reported.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design