RBG Holdings plc announced the Board has lost confidence in its Chief Executive, Nicola Foulston, as a result of cultural concerns and the execution of the Group's strategy; her employment contract has been terminated with immediate effect. Furthermore, Jon Divers, current Group COO, will be appointed acting CEO with immediate effect and will join the Board, subject to the satisfactory completion of necessary due diligence. Suzanne Drakeford-Lewis will continue as the Group's Finance Director.