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Thorntons Finance Director to step down


Chocolate retailer Thorntons has announced today that its Finance Director and board member Mark Robson is to step down next year.

Full details of Robson’s, who joined the company in 2009, future plans have not been confirmed but the retailer has announced that he is to take up a position with a private equity owned company.

Thorntons has recently conducted a number of senior management changes, including the retirement of its Chairman, John von Spreckelsen, in September.

Maintaining its focus on multichannel offerings and digital marketing, the company recently announced the renewal of its affiliate programme, as it launches new products and aims to increase brand awareness.

Marking its centenary year, the company announced in June the initiation of a new business strategy that could see 180 of its stores across the UK close over the next three years.

This prospect is looking ever more realistic following disappointing sales figures released last month, as own store sales declined by 10.1 per cent to £23.4 million with like-for-like sales dropping by 7.8 per cent in the 14 weeks up to and including October 1st 2011.

Senior figures remain confident about the strategy, with CEO Jonathan Hart explaining last month that creating “a profitable and sustainable real estate” is paramount for the group.

Commenting on Robson’s departure, Hart said: “Mark has played an important role over the past two years in improving our business and laying the foundations for our long term, transformational strategy. A search for his successor has been initiated.”

Published on Tuesday 08 November by Editorial Assistant

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