Hot Tuna Appoints Elle MacPherson as Executive Director

Hot Tuna (International) PLC (AIM: HTT), a lifestyle brand with authentic surf heritage, today announced the appointment of Elle Macpherson as an executive director of the Company. Effective immediately, she joins the Board of Directors of Hot Tuna (International) PLC. Hot Tuna (International) PLC is listed on the London Stock Exchange.

In her capacity as executive director, Elle Macpherson will advise and assist with product development, brand positioning and sales strategy, and work alongside Hot Tuna's existing management in dealings with customers, suppliers and stakeholders.

Elle Macpherson will additionally attend Board of Directors meetings as well as senior management and general strategic sessions. Although not working in a full-time capacity with Hot Tuna, her interests will include introducing and developing new retail relationships and heightening the Company's position within the lifestyle apparel industry.

Commenting on the appointment, Ranjit Murugason, Chairman of Hot Tuna, said: "I am delighted to announce this significant appointment in the Company's evolution. The addition of Elle Macpherson brings to Hot Tuna a dynamic dimension and appreciation of developments in surf and youth fashion and will boost awareness of the brand and significantly strengthen the Company's consumer and business relationships."

Commenting on her appointment, Elle Macpherson said: "I believe this to be a maverick and dynamic union. Hot Tuna is a brand with a great Australian heritage, irreverent and edgy. It has a right to claim its place in the modern surf lifestyle market. I am delighted to have the opportunity to work with the team at Hot Tuna and be part of the innovations and energy that they have put into the re-launch of what I know will be a major success as a youth fashion surf brand."

In association with her appointment, Elle Macpherson has been granted a number of incentive arrangements, including shares and share options in Hot Tuna.

About Hot Tuna (International) PLC: Born Down Under in the summer of '69 to serve the apparel needs of sojourning surfers, the Hot Tuna brand grew to global prominence in the '80s and '90s, and went public in the UK in Oct. 2005.
While headquartered in London, Hot Tuna (International) PLC (AIM: HTT) maintains offices in Sydney, Australia, and in Southern California in the USA.
The brand serves core retail, drawing its inspiration from international surf culture and global fashion, and the Company is committed to the timeless values that its iconic Piranha logo has come to embody: authenticity, creativity and good times.

Source: Hot Tuna

>> SURF NEWS INDEX <<