Highlights
- Bob East retires, Steven Fisher steps in as new Chairman of Cettire (CTT).
- Daniel Agostinelli of Accent Group (AX1) joins the Cettire board.
- Cettire (CTT) reaffirms its focus on strategic leadership and strong governance.
In a significant shift in leadership, Cettire (ASX:CTT), a renowned luxury fashion platform, has announced changes to its board that mark a new era for the company. Bob East, who served as the inaugural chairman since the company’s public listing, is stepping down. Steven Fisher, known for his leadership at The Reject Shop, will succeed East as the chairman of Cettire.
Steven Fisher, who has been a non-executive director on Cettire’s board since February, is set to assume his new role as chairman effective immediately. Fisher’s experience and strategic insight are expected to guide Cettire through its next phase of growth and market expansion.
Alongside Fisher, Daniel Agostinelli, a highly recognized figure in retail, has joined the board. Agostinelli brings over three decades of experience in the retail sector, having worked alongside industry magnate Brett Blundy and serving as the CEO of Accent Group (ASX:AX1). Under his leadership, Accent Group has seen exponential growth, expanding from a modest chain of eight stores in 2006 to a powerhouse with over 850 locations across various brands including Hype DC, Platypus, and Nude Lucy.
The retirement of Bob East comes at a time when Cettire is poised for transformative growth. East mentioned that the timing felt right for the company to transition to new leadership, ensuring fresh perspectives and momentum in its strategic plans. His leadership has been pivotal in Cettire’s successful launch and establishment in the competitive luxury market since its debut on the ASX in 2020.
Cettire’s statement emphasized that the board refresh is a reflection of the company’s commitment to robust governance and strategic leadership. The inclusion of seasoned leaders like Fisher and Agostinelli is aimed at enhancing Cettire’s position in the market and ensuring continued value creation for its shareholders.
This transition comes at a crucial time as Cettire continues to innovate and capture significant market share in the luxury fashion space. With a clear focus on governance and strategy, the new leadership is expected to drive Cettire towards a future of sustained growth and market leadership, underscoring its commitment to excellence and shareholder value.