• John Cheston appointed as new Global CEO and Managing Director
• Mark McInnes appointed as Executive Deputy Chairman
• Mark McInnes brings extensive retail experience and will support the Global CEO and Executive Team

Lovisa Holdings Limited (ASX:LOV) announced the commencement of John Cheston as the new Global CEO and Managing Director, effective June 4, 2025. The Board also announced the appointment of Mark McInnes as the Executive Deputy Chairman, effective the same date. Mark McInnes currently serves as the Global CEO of Retail & Consumer at BB Retail Capital Pty Ltd, which owns 39% of Lovisa's issued capital. Mark brings a wealth of experience and leadership to the role and will play a key role in supporting the Global CEO and Executive Team, the Chairman, and the Board in setting Lovisa up for its next stage of global growth. The Board is also considering the appointment of a new Independent Non-Executive Director to continue its commitment to board governance and oversight. The Board and Executive Management team expressed their full support for both John Cheston and Mark McInnes and look forward to their leadership of the Company.

Mark McInnes' remuneration for his role as Executive Deputy Chairman will be A$2,000,000 cash salary per annum.