Multichannel retailer Shop Direct Group has announced today that Mark McMenemy has been appointed as its new Finance Director, replacing Steve Makin.
Makin has held the role at the group, which owns online brands Very.co.uk, Woolworths.co.uk and Littlewoods.co.uk, for the past four years but is leaving the company to pursue a new career and new personal challenges.
McMenemy, who is a regular Retail Gazette columnist, joins Shop Direct from professional services firm Alvarez & Marsal where he headed up its UK retail team, and before this he has held senior executive positions in finance with Marks & Spencer, Clarks, Mothercare and Monsoon.
Shop Direct CEO Mark Newton-Jones said: “I am delighted to welcome Mark to Shop Direct Group. He has a superb background in finance in the retail industry and will be a great asset as we look to further develop the group into the future.”
Newton-Jones paid tribute to Makin’s “commitment and dedication” whilst working for Shop Direct and claimed that he had been “instrumental in reshaping and restructuring the business”.
Along with the role of Finance Director, Makin was also Chairman of the group’s Financial Services business, and informed the board of his desire to leave in April but agreed to continue in his role until a successor was found.
Shop Direct last month confirmed that it will continue to push on promotions leading up to the crucial festive period, with the group hoping to replicate the five per cent sale lift seen last Christmas.
Commenting on his appointment, McMenemy said: “I am excited to be joining Shop Direct and look forward to working with Mark and his team to contribute to the further growth and development of the business. This is a dynamic business with great brands, a lot of scale and solid long-term prospects.”