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Ted Baker CEO resigns following ‘hugging’ allegations

Neil Hodge | March 5, 2019

The CEO and founder of fashion retailer Ted Baker has resigned following allegations of sexual misconduct made against him last December.

Ray Kelvin took a voluntary leave of absence from his role as chief executive in December 2018 after allegations of misconduct centring around “inappropriate hugging” and “further serious allegations” were made against him.

An internal independent committee of non-executive directors appointed law firm Herbert Smith Freehills to investigate the allegations and the company’s policies, procedures, and handling of HR-related complaints. The investigation is ongoing. The firm hopes to report its findings either later this month or early April.

Kelvin has denied all allegations of misconduct.

Under the terms of his resignation, Kelvin will not receive any severance pay. Any bonus payments he has earned for the past three years’ performance will also lapse. He still owns a 35 percent stake in the company.

Former Chief...

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