Dear Colleagues
Since joining New Look, two and a half years ago, I’ve been working towards re-shaping New Look’s strategy, trading model, and improving the financial performance of the business. We’ve already made substantial progress against these objectives and following the appointment of Anders Kristiansen earlier this year we now have a CEO to lead the business in the next phase of New Look’s development, including entry into a very exciting new market – China.
Following the appointment of Anders as CEO we’ve been undertaking a process where Anders has gradually assumed increasing levels of responsibility for the executive day to day running of the business. I’m delighted to say that this process has now reached its natural conclusion and with effect from 1st October 2013 Anders will have total executive responsibility for all aspects of the business and consequently I will become a non-executive Chairman of New Look. Although this means that I will not now be involved on a day to day basis I remain totally committed to supporting Anders and ensuring the continued success of New Look.
My transition from Executive Chairman to Non-Executive Chairman inevitably means that I will be spending less time in the business and I therefore wanted to thank everyone for the support that you have given me since joining New Look. Together we’ve made substantial progress and under the leadership of Anders I’m confident that New Look will continue to thrive as it moves forward to becoming the successful International Brand that it deserves to be.
Kind regards
Alistair McGeorge
Non-Executive Chairman