N Brown CEO Angela Spindler leaves after five years

Comments Off on N Brown CEO Angela Spindler leaves after five years

Angela Spindler, the boss of Jacamo and of Simply Be owner N Brown, was ousted on Wednesday after five years at the helm. 

Spindler, 56, who spearheaded the business’s transition from a catalogue-focused business into a nimbler online retailer, will leave at the end of this month. Steve Johnson, the retailer’s credit card business boss, will be the interim chief until a successor is found. The move was the board’s decision, not Spindler’s, insiders said.

The retail-to-financial services company has seen its share price fall from 267p at the start of the year to 159p today, when shares fell 3%. 

Matt Davies, 47, who joined as chairman in May from Tesco — which he was credited with steadying after an accountancy scandal engulfed the grocer — said: “We recognise that now is an appropriate time to search for a new leader who can take the business forward through the next phase of its development.”

Spindler said: “I have been incredibly proud to lead N Brown over the past five years.”

Source Article from https://www.standard.co.uk/business/n-brown-ceo-angela-spindler-leaves-after-five-years-a3934271.html

September 12, 2018 |
Copyright © 2018 LondonBusinessLink.co.uk. All Rights Reserved. LondonBusinessLink.co.uk
WordPress Directory Theme

Classified Ads Software

We use cookies to ensure that we give you the best experience on our website.
More about our cookies
Ok
Skip to toolbar