Supergroup announces shock departure of chief operating officer Susanne Given

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The shock departure also comes just months after former Co-op boss Euan Sutherland was brought in as chief executive.

In a brief statement the retailer, best known for its Superdry-branded clothes worn by the likes of David Beckham, said Given would step down with immediate effect “in order to explore other opportunities”.

“Over the last few years, the management team has been substantially strengthened so that these responsibilities can now be absorbed by the executive team,” it added.

The heads of UK Retail, IT and Logistics will now report to Sutherland.

 

Given, previously managing director of TK Maxx, was handed the newly-created role of COO in 2012, which was intended to give then chief executive Julian Dunkerton more time to concentrate on strategy and branding.

Her task was to steady the ship after the company issued a profit warning.

The retail veteran’s base salary of £350,000 and share awards came under scrutiny from shareholder groups, but Supergroup stood by the sum, saying it “paid what was required” to secure her appointment.

In the months prior to her departure Given had been focusing on Supergroup’s global expansion, snapping up distributors and striking deals with franchise partners.

Surpergroup said she had made a “significant contribution to the growth and development” to the company.

“Susanne played a crucial role in leading key investment programmes which have upgraded the infrastructure and processes of our business and were recently tested to the full over the peak Christmas trading period,” it added.

Source Article from http://www.standard.co.uk/business/business-news/supergroup-announces-shock-departure-of-chief-operating-officer-susanne-given-10040998.html

February 12, 2015 |
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