Moonpig Group PLC (LSE:MOON) announced Friday the appointment of Catherine Faiers as its new Chief Executive Officer.
Faiers, currently Chief Operating Officer at Auto Trader, will assume leadership of the online greeting card and gifting company following the previously announced departure of outgoing CEO Nickyl Raithatha. Moonpig first confirmed in June that Raithatha would be stepping down from his role.
The incoming executive brings extensive digital and e-commerce expertise, having previously served as COO at Addison Lee and as Corporate Development Officer at Trainline before joining Auto Trader.
Moonpig Chair Kate Swann praised Faiers’ credentials in a statement, saying: “Catherine has a wealth of experience in e-commerce and public companies, with a proven track record of leading customer-focused, digital, data, and technology transformations.”
Jefferies analysts commented on the appointment, noting, “While we are mildly surprised at the implication that a transformation may be required at Moonpig, this looks to be a solid appointment, and the Moonpig Board is ‘pleased to have attracted someone of Catherine’s calibre’. For her part, the incoming CEO sees Moonpig as a business with ‘a clear purpose, a strong platform, and an exciting future’, a view with which we agree.”
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