Fashion veteran Derek Lovelock will step down as non-executive chairman of Jack Wills at the end of the year.
Lovelock, who is also chairman of Joe Browns, joined Jack Wills in September 2016. He will be replaced by Richard Wyatt, vice-chairman of Rothschilds.
Wyatt was lead adviser to Jack Wills founder Peter Williams last year, when he joined forces with Liberty owner BlueGem to buy longstanding investor Inflexion out of the retailer.
He has more than 30 years’ experience in the UK financial industry.
Williams said: “Derek joined us as chairman a year ago to help the business through the first 12 months after the deal with BlueGem. During that first year the business has undergone a significant revitalisation and we have hired some very exciting new talent.
“The business is in increasingly great shape and so, just over a year on, Derek will be stepping down at the end of this year. I would like to personally thank Derek for everything he has done for Jack Wills.
“I have worked very closely with Richard for some time, including through the transaction with BlueGem, and am very excited that he will be formally joining us as chairman.”