// Ann Summers announces its joint managing director Maria Hollins will become sole MD
// Hollins had been joint managing director with Vanessa Gold since 2019
Ann Summers has made changes to its senior management team as it works on its long-term strategy to “unlock future growth potential”.
The lingerie retailer has promoted Maria Hollins to the company’s sole managing director.
Hollins had been joint managing director with Vanessa Gold since 2019.
Gold will take over as chief executive, from founder Jacqueline Gold, who will move to the new role of executive chair.
Vanessa is expected support Hollins in shaping the long-term strategy for the lingerie retailer.
Jacqueline will also work closely on the strategy while remaining “the face of the business in the wider world”.
“Maria has done a phenomenal job in driving the turnaround of the business and she fully deserves her promotion to sole managing director of the business,” Jacqueline Gold said.
“She has an incredible commitment to Ann Summers, and I am sure will do a tremendous job in her new role.
“Vanessa and I remain as committed to Ann Summers as ever and, as we leave the worst of the pandemic behind us and look to the future, we are excited to be working with Maria to take the business to the next level.”