Superdry CFO steps down after just over a year

Superdry CFO steps down after a year
Superdry will begin a new search for a replacement chief of finance.
// Superdry announces immediate departure of chief financial officer
// Nick Gresham had been at business for just over a year
// Retailer will begin search for replacement

Superdry on Friday announced its chief financial officer Nick Gresham had stood down, with immediate effect.

The newly-installed finance boss officially arrived at Superdry in August last year, having previously worked in the same position at both Wiggle and Oak Furniture Land, as well as finance director of Homebase.

READ MORE: Superdry warns of Covid-19 disruption as profits nosedive 210%

“Nick joined Superdry at a time of significant change and challenge in the business,” chief executive Julian Dunkerton said.

“He has played an important role in putting the company in a stronger position than it was before he joined and helped to steer Superdry through the impact of the Covid pandemic.”

Superdry said a search for a permeant replacement would start while interim arrangements are put into place.

Last month the fashion retailer warned that the ongoing coronavirus pandemic would continue to affect its trading after profits dropped 210 per cent in the year to April 25.

Separately, Superdry welcomed a new £70 million financing deal with its banks in August to help it through the crisis as it revealed that stores sales continue to tumble.

Click here to sign up to Retail Gazette‘s free daily email newsletter


Please enter your comment!
Please enter your name here