Colin Porter, former Managing Director of Joules, will take over as Chief Executive, allow founder and current Chief Executive Tom Joule to focus on delivering their brand vision to the customer.
The past year has been the most successful for the lifestyle brand as it reported its strongest revenue growth in its 25-year history – its sales increased 22% to £117m, whilst EBITDA rose 18% to £10.7m. They are establishing their brand in international markets and are continuing to explore further growth opportunities for product categories, territories and distribution channels. Porter is excited and keen to establish the next level of growth for the brand.
Iain McGeoch, after nearly 50 years with the family-owned value fashion retailer M&Co, is stepping down from his role as Chairman and Chief Executive. He built up the business with his brother Lennie from six pawnbroking shops into the 280-store clothing chain it is today. his son, Andy, will succeed him as chief executive, whilst he will take an active non-executive role. His other son, Neil, joins the board as Property Director. Steve Knott is taking the role of chairman.
Lynne Greene, Group President of Estée Lauder, is resigning. After almost 40 years at the company, being a key leader in the foundation of Jo Malone London, La Mer and Origins brands and with her leadership at Clinique, Greene has helped modernise the equity of the brand. She has been instrumental in shaping the next generation of leadership through her role of mentoring younger executives. Executive Chairman, William Lauder, classes her as “the epitome of an inspirational leader”.
Melissa Potter, Clarks Chief Executive and lifer, with 28 years in the business, and Robin Beacham, Chief Finance Officer, who has been with Clarks for 9 years, have both stepped down with immediate effect. An official reason has not been provided for either departure. The retailer has recently seen a more demanding commercial and economic environment, due to increasing competition and higher customer expectations. Clarks’ board believes that with new leadership, they will better meet and excel with the new challengers and demands. They are already looking for a new Chief Executive to see them through their next stage of growth. Non-Executive Chairman Thomas O’Neill is leading the retailer in the meantime, whilst Mike Coley, Group Financial Controller, is filling the Chief Financial officer role for the interim.
It is also unknown where Potter and Beacham are headed next.
Chief Executive Officer and President of Asics America Group Kevin Wulff is retiring from the company. He has been there since August 2010. Gene McCarty, who has 21 years experience at Nike in Sales and Management, is taking over as Chief Executive, effective October 1st. McCarthy was President of Merrell and Senior Vice President of Under Armour.
Crew Clothing’s senior management reshuffle has resulted in Finance Director Justin Hampshire’s departure after nearly 10 years with the casualwear retailer. They have confirmed a new senior management team and are relaunching their UK business. It is unknown whether any other of the management team have departed or changed roles.
This change in senior team arises almost a year after Louise Barnes joined the business as Chief Executive, replacing Octavia Morley.
Pets at Home
Pets at Home has appointed former Morrisons Trading Director Lisa Miao to take up newly created Trading Director role, which she will start in October and report to Commercial Director Peter Pritchard. Their management team recently split into two separate management units, which are overseen by Chief Executive Nick Wood. it has separated responsibilities for the retail and services divisions. Ian Kellett, Finance Chief, is now Chief Executive Officer of the retail unit, whilst Sally Hopson, formerly Customer and People Director and Chief Executive Office of the Vet Group, is now Chief Executive of the Services Division. Pets at Home is also currently searching for a new Chief Financial Officer. In the meantime, Kellett will maintain those responsibilities during his transition to retail boss.
Kingfisher has hired ex Morrisons Director Emily Lawson as its Chief People Officer, completing their seven person leadership team put together by new Chief Executive Véronique Laury. Now, four out of seven of the executive board are woman. The other members are Karen Witts is the Chief Financial Officer, Arja Taaveniku the Chief Offer and Supply Chain Officer, Steve Willett the Omnichannel Operations Director and Chief Digital and IT Officer, Guy Colleaue the Big-box Operations Director and Alain Souillard, the Medium Box Operations Director.
Julian Granville, the current Chief Executive, is moving to Deputy Chairman with immediate effect. He will relinquish his Chief Executive responsibilities once they find a successor. Granville is reportedly stepping aside after 18 years in the role as part of a structured succession plan as they grow and evolve the board for their next phase of growth.
Recently Matthew Hilgeman joined Boden in June as Product Director, who is responsible for all product areas and the sourcing and supply chain. His international brand experience will help the fashion retailer as they expand overseas, particularly in the important US market. Hilgeman is ex American Eagle.
Steve Johnson, former Shop Direct Financial Services Product and Marketing Director, has been poached by N Brown. He will take up the newly created role of Financial Services Director in February next year, reporting to Chief Executive Angela Spindler. He will be responsible for the company’s credit business and lead N Brown’s “Fit 4 the Future” modernisation project. Johnson’s expertise in product and commercial strategy, relationship management, operational service management and outsourcing will help drive this agenda.
Following the death of Satoru Iwata, Tatsum Kimishima, the former Head of HR, will take on the role of President of Nintendo. Previously, Kimishima has been the company’s Managing Director and Head of HR and has been the Chief Executive of the business’ American arm before Iwata took on these responsibilities in 2014.
Shigeru Miyamoto and Genyo Takeda, who have been running the company on an interim basis, will take on positions at the top as Creative Fellow and Technology fellow respectively.
Colin Henry has left the retailer two years in to his five-year turnaround plan. This is only two months after Chairman Peter Williams resigned. Henry says it was “the right time to move on”. Jaeger says it will continue the strategy and the next phase of the turnaround plan, however, it is not yet clear who will succeed him as Chief Executive.