Nigel Oddy CEO of higher avenue trend retailer New Appear is to move down from the corporation as it proceeds the hunt for his alternative.
The retailer chain has indicated is at a “well-advanced” phase with an announcement of his successor imminent.
Oddy joined the business in April 2019 as chief functioning officer right after executive positions at Household of Fraser and The Range and in the course of his tenure has led New Look’s economic restructuring, pandemic system, and overseen the company’s return to profitability.
He was at the helm of the group as it undertook a Business Voluntary Arrangement (CVA) restructuring system that led to the closure of 39 retailers throughout its estate.
Mike Coupe, chairman of New Glimpse, claimed: “I would like to thank Nigel for his challenging do the job and leadership around the earlier 3 a long time. He has been instrumental in making sure that New Look is on the business footing it is nowadays and he leaves the business with strengthened operational foundations in place.
“On behalf of the board, I would like to desire him just about every long term achievement.”
Oddy included: “With the business obtaining properly occur as a result of Covid and with a solid platform now in position for potential growth, this is the correct instant for me to phase down as CEO.
“I am hugely proud of how this business and its persons have pulled with each other about the previous a few a long time, and I have no doubt that all our New Look colleagues will realize good success in the yrs forward.”
New Seem has an estimated 400 retailers across the British isles. Very last yr the retailer claimed shopping sprees experienced offset reduced footfall to return it to financial gain.