// 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.
“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.