Directorate Changes
Nigel Oddy appointed Chief Executive Officer
Alistair McGeorge becomes Non-Executive Chairman
The Board of New Look Retail Holdings Ltd ("New Look" or “the Company”) is pleased to announce that Nigel Oddy has been appointed as Chief Executive Officer (CEO), effective 1 January 2020, having joined the Company as Chief Operating Officer on 1st April 2019.
In line with the appointment, Alistair McGeorge will become Non-Executive Chairman on the same date, having been Executive Chairman since 7th November 2017.
Alistair 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.”
Nigel Oddy said: “I am delighted to be appointed CEO at such a pivotal moment in New Look’s development. Since joining the business earlier this year, we have focused on strengthening our operational foundations. We have already taken decisive steps to broaden the appeal of our product, enhance the customer journey and improve our lead times. Following the successful financial restructuring, we have also been able to strengthen our leadership and begin to invest prudently in the business again. I look forward to continue working with Alistair and the Board, and leading the wider team of 15000 colleagues, as we continue to build on New Look’s distinctive offer and strong customer heritage.”
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About New Look
New Look is a leading multichannel retailer operating in the value segment of the clothing and footwear market in the United Kingdom (“UK”) and Republic of Ireland (“ROI”). We focus on delivering value for money and ‘newness’, wherever, whenever and however customers choose to engage with us. The New Look brand has high levels of awareness and recognition in the affordable womenswear market, catering to a broad customer audience with our bullseye customers aged 25 to 45 years. We also have a range for teen girls and an online menswear offer.
We are the number 2 UK Womenswear retailer for women aged 18 to 44 by value (based on Kantar Worldpanel published data 24 weeks to 22 September 2019).