// Ted Baker founder Ray Kelvin steps down as CEO amid misconduct allegations
// Acting chief executive Lindsay Page will continue in the role
Ted Baker chief executive and founder Ray Kelvin has resigned with immediate effect as the investigation around misconduct allegations against him continue.
Kelvin was initially compelled to take a leave of absence after misconduct allegations, such as forced “hugging”, was put against him by Ted Baker staff last year.
While Kelvin has continued to deny all allegations, Ted Baker has confirmed its founder will step down as chief executive and director.
“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,” Ted Baker executive chairman David Bernstein said.
Meanwhile, the investigation into the harassment allegations are currently led by law firm Herbert Smith Freehills, along with an internal independent committee.
Acting chief executive Lindsay Page has agreed to continue in the role, with Bernstein providing additional support until no later than November 30 next year.
“As a board of directors, we are committed to ensuring that all employees feel respected and valued,” Bernstein said.
“Sharon Baylay has agreed to act as the designated non-executive director for engagement with the Ted workforce.
“Led by Lindsay, we are confident that the strong and experienced team we have in place will build the Ted culture and move the business forward.”