Elle Macpherson on board of surfwear brand

Elle Macpherson, the supermodel, is to join the board of Hot Tuna, the Aim-listed surfwear brand, as an executive director. Macpherson will be granted shares and options in the company worth more than £2m at current prices. She will attend all Hot Tuna's board meetings and advise the company on product development, brand positioning and sales strategy.

"I believe this to be a maverick and dynamic union," said Macpherson, who has signed a two-year contract with the company.