Laura Ashley has appointed Andrew Boo Yeow as the new chair.
Yeow will replace Tan Sri Dr Khoo, the executive chairman of Laura Ashley parent company Malayan United Industries Berhad, with immediate effect.
Yeow said: “Tan Sri Dr Khoo leaves an important legacy and retires having left Laura Ashley a stronger and much-loved global brand as a result of his vision.
“I look up to what he has achieved, draw inspiration from his remarkable accomplishments and continue to follow the values he espouses.’’
Yeow’s previous role involved working as the non-executive director of Laura Ashley.
In its recent financial year, Laura Ashley recorded full-year pre-tax profits of £5.6 million, which was a 33 per cent year-on-year drop.