Ted Baker CEO resigns over harassment claims. Ted Baker’s CEO Ray Kelvin has resigned with immediate effect following allegations of harassment.
He took a voluntary leave of absence in December after the British fashion chain launched an independent investigation into claims that he enforced a ‘hugging’ culture at the company.
It was also alleged that he massaged employees, kissed their ears and asked some to sit in his lap.
Allegations of misconduct
Mr. Kelvin has denied any allegations of misconduct, but Ted Baker said that he agreed to step down as chief executive of the retail chain.
The company’s executive chairman David Bernstein said: “”Ray Kelvin founded the business 32 years ago and has, together with the fantastic team around him, been the driving force behind it becoming the global brand it is today”
“As founder and CEO, we are grateful for his tireless energy and vision. However, in light of the allegations made against him, Ray has decided that it is in the best interests of the company for him to resign so that the business can move forward under new leadership.”
Difficult decision to make
Mr Kelvin said in a statement: “Difficult though this decision is given that Ted Baker has been my life and soul for over 30 years,
I’ve decided that the right thing to do is to step away from Ted and allow the business to focus on being the outstanding brand it is so it can face 2019 with fresh energy and renewed spirit.
“As a shareholder in the business I’ll support Lindsay in his leadership and be available to him and the team wherever I can offer helpful advice.
“I’m extremely proud of what we’ve achieved in building Ted Baker to the global brand it is today.
“Thank you to every single colleague, customer, supplier, and investor for your commitment to the business. We couldn’t have done it without you and I’m so grateful.
“The past few months have been deeply distressing and I’ll now be taking time privately with my family to consider what my next adventure will be.
“Bye for now, Ray.”
The company’s acting CEO Lindsay Page will continue in the role until a successor is appointed.
The fashion retailer said that its independent committee, alongside law firm Herbert Smith Freehills, will continue its investigation into the allegations.
Ted Baker CEO resigns over harassment claims