Harold Tillman is to step down as chairman of the British Fashion Council next year and is understood to be succeeded by Natalie Massenet, founder and executive chairman of Net-a-Porter.
The role has a traditional three year tenure however Tillman has been in the post since 2008.
During his time as chairman Tillman spearheaded London Fashion Week’s return to Somerset House, established a full-time BFC management team and also helped tempt Burberry back to London after showing at Milan Fashion Week.
During this Olympic year for London Tillman also launched Fashion 2012 at London Fashion Week’s September edition, an Olympics-focused initiative comprising exhibitions at the V&A.
According to widespread reports, Tillman will remain in the role until the end of 2012 before Massenet, who founded Net-A-Porter in 2000, steps into his role.
The British Fashion Council said: “Despite rumours, the British Fashion Council has confirmed that any new chairman is subject to BFC executive board approval. The BFC executive board is not due to meet until this evening and any announcement cannot be expected until then.”