Fashion retailer New Look said on Monday that chief executive officer Nigel Oddy has decided to step down.
Oddy joined the business in April 2019 and during his tenure he has led New Look’s financial restructuring, steered the business through the pandemic, and overseen the subsequent return to profitability, the company said.
The process to identify his successor is “well advanced” and the board expects to make a further announcement in due course.
Chairman Mike Coupe said: “I would like to thank Nigel for his hard work and leadership over the past three years. He has been instrumental in ensuring that New Look is on the firm footing it is today and he leaves the business with strengthened operational foundations in place.”
