New Look has promoted Nigel Oddy to lead the retailer as its new chief executive, filling in the position for the first time in more than two years. Oddy first joined New Look in April as its chief operating officer, and was previously the chief executive of House of Fraser and The Range.
Alistair McGeorge, who has been executive chairman since November, will become non-executive chairman. McGeorge said: ”With the financial restructuring and customer strategy review complete, and as we focus on our retailing excellence, now is the right time for Nigel to become New Look’s CEO and for me to assume a non-executive role in my capacity as chairman. New Look is a great brand with an exciting future, and I look forward to continuing to support, encourage and challenge Nigel and the wider team.
“Nigel has been running the business operationally since he joined us and in a short space of time has made significant improvements to our buying, product, supply chain and omnichannel offer. As I have said before, his experience will be a great asset as we continue our transformation, which I am confident we are well positioned to deliver.”
Oddy’s promotion will be effective from January 1.
Source: www.drapersonline.com
