Ted Baker appoints law firm to investigate CEO
Ted Baker said it appointed the law firm Herbert Smith Freehills LLP to conduct an independent external investigation into reports on the office conduct of founder Ray Kelvin.
The firm will report to a committee of the company’s non-executive directors that will be chaired by Sharon Baylay, a former Microsoft executive who joined the board in June, Ted Baker said yesterday.
The appointment follows reports that Mr Kelvin, also chief executive, gave staff unwanted hugs and asked female employees to sit on his knee. The chief executive also pushed an executive against the wall in a glass meeting room in 2016, according to three people who witnessed the incident.
The shares rose as much as 4.3 per cent after the company said yesterday that sales rose 2.3 per cent in the 16 weeks to December 1st. – Bloomberg