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Jigsaw CEO Peter Ruis has quit his role at the fashion retailer with immediate effect, after four years at the helm of the business.
He will be replaced by Jigsaw’s chairman Charles Atterton who the company said “will return to an executive role” having previously been joint CEO with Jigsaw’s founder, John Robinson, from 1997 until 2013.
Ruis, who joined Jigsaw from John Lewis in September 2013, said his decision to leave was not “taken lightly”. He said: “I have loved my time at Jigsaw, and been privileged to lead such a talented team in my four and a half years here. It is not a decision I have taken lightly, and as I head off to my next challenge I feel immense pride in what has been achieved. The brand is well set to continue its stellar growth in the future.”
A brand spokesperson added: “On behalf of the board we would like to take this opportunity to thank Peter. He will be heading to his next career chapter with our best wishes.”
Ruis’ exit comes only a month after chief operation officer Richard Gilmore left to become Fred Perry’s new managing director.
Last year, Robinson appointed KPMG to help find a buyer for Jigsaw, with Carphone Warehouse founder David Ross said to be in talks about an investment deal worth around £10m.
Reports suggest that the investment is expected to have now been agreed and will be revealed later this week.
