Adore Beauty Group Limited (ASX: ABY) chief executive officer, Tamalin Morton has announced she will be stepping down as CEO in 2024 for personal reasons.
Morton, who was appointed as CEO back in November 2022 as reported here by BD, will remain in her position until September 2024. She has also agreed with the board to take up a consulting role, to provide ongoing strategic advice, after the transition of the new CEO.
"On behalf of the board, I would like to thank Tamalin for her outstanding leadership and contribution to Adore Beauty," shared chair of the board, Marina Go.
"As CEO, Tamalin has done an excellent job delivering Adore Beauty’s financial and operational successes and developing the strategic plan. Tamalin steps down as CEO with the business in a strong position."
Under Morton's leadership, Adore Beauty has returned to growth and continues to build solid trading momentum progressing its strategy to increase brand awareness, launch a subscription service, develop a retail media proposition and grow the mobile app.
"I would like to thank the amazing Adore Beauty team. I have been immensely proud to lead Adore Beauty and of what we have accomplished together," said Morton.
"While personal reasons have led me to make the difficult decision to step down as CEO, I remain committed to Adore Beauty and look forward to supporting the new CEO."
The board will commence a process with a leading search firm to appoint a new CEO.
