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New Look has announced that its chief executive officer (CEO), Nigel Oddy, has decided to step down from his role and leave the business.
Oddy joined New Look in April 2019 and, during his tenure, he has led New Look’s financial restructuring, led the business through the pandemic, and overseen the company’s subsequent return to profitability.
Meanwhile, the board of directors said that the process to identify Oddy’s successor is currently “well-advanced”, and the board expects to make a further announcement in due course.
Mike Coupe, chairman of New Look, said: “I would like to thank Nigel for his hard work and leadership over the past three years. He has been instrumental in ensuring that New Look is on the firm footing it is today and he leaves the business with strengthened operational foundations in place. On behalf of the board, I would like to wish him every future success.”
Oddy added: “With the business having successfully come through Covid and with a solid platform now in place for future growth, this is the right moment for me to step down as chief executive.
“I am hugely proud of how this business and its people have pulled together over the past three years, and I have no doubt that all our New Look colleagues will achieve great success in the years ahead.”
