Naked Wines has appointed founder and former CEO Rowan Gormley as a board advisor to review the business.
Gormley, who is still a “material shareholder” in the firm, appointment comes just days after the wine retailer confirmed the departure of Pratham Ravi, who had joined the board just two weeks ago.
Gormley founded Naked Wines in 2008 and, following the acquisition by Majestic Wine, became CEO of the firm in 2015.
Despite stepping down from the position five years later, he still owes 2.1 million shares in the company.
His new unpaid position will last around two to three months, in which he will “represent the views of shareholders and advise the board accordingly.”
According to Naked Wines, it was “reviewing potential operational and financial plans for the next 18 months”.
“We wanted shareholder involvement in our ongoing operational and financial planning process,” Naked Wines chairman Darryl Rawlings said.
“I welcome Rowan providing his insight to us because his operational familiarity with the business and his viewpoint as a shareholder will provide a unique and valuable perspective to the Board as we position Naked for long-term sustainable growth.”
