New Look CEO steps down after five years
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New Look CEO Anders Kristiansen has stood down after almost five years.
The UK fashion retailer’s board has appointed Danny Barrasso, currently MD of UK & ROI, as interim CEO with immediate effect while it identifies a permanent successor.
Chairman John Gnodde said Anders made a “fantastic contribution” during his tenure with New Look.
“Under his leadership, the company has made significant progress and we wish him well for the future. As New Look embarks on its next phase of development, we have mutually agreed that it is the appropriate time for a change to the leadership of the company. Danny and the wider executive team have the full support of all the shareholders to provide continued operational progress and leadership as we search for a permanent CEO.”
Kristiansen said he had enjoyed his time with the brand.
“I am proud of what we have achieved as a company and have every faith in New Look’s future prospects and progression.”
Questions & Answers
Q.Why has the CEO, Anders Kristiansen, stepped down from New Look?
Why has the CEO, Anders Kristiansen, stepped down from New Look?
The article states that the company has mutually agreed it is an appropriate time for a change in leadership as New Look embarks on its next phase of development. No further specific reasons for his departure are provided.
Q.Who has been appointed to lead New Look in the interim?
Who has been appointed to lead New Look in the interim?
Danny Barrasso, who is currently the Managing Director of UK & ROI, has been appointed as interim CEO. He takes over with immediate effect while the board searches for a permanent successor.
Q.What contribution did the outgoing CEO make during his time at New Look?
What contribution did the outgoing CEO make during his time at New Look?
Chairman John Gnodde stated that Anders Kristiansen made a 'fantastic contribution' and that the company made significant progress under his leadership. Kristiansen himself expressed pride in the company's achievements.