Phil Wrigley has relinquished his executive duties at New Look and stepped down to become non-executive chairman of the value fashion chain.
Phil Wrigley stepped up from the role of chief executive to become executive charman of New Look in April 2008. Carl McPhail was promoted to chief executive at that time, and will remain in his current position.
“Since his appointment as chief executive in April 2008, Carl [McPhail] has led the business well and put together a team that has enabled New Look to prosper and gain market share, despite the challenging economic conditions.”
Phil Wrigley, chairman, New Look
New Look has strengthened its management team in recent months, appointing Lex Gemas from Esprit as chief operating officer in February, while Wrigley himself has spent a significant amount of time campaigning on issues facing the retail sector as a whole, such as monthly rents.
Wrigley said: “It is a sign of the great strength of the business and the management team that I have been able to make this move. Since his appointment as chief executive in April 2008, Carl [McPhail] has led the business well and put together a team that has enabled New Look to prosper and gain market share, despite the challenging economic conditions.”
Wrigley added: “Following the recent developments at the group, including a strong January trading update, the announcement of the relocation of our head office to London and the appointment of Lex Gemas as chief operating offier, I believe the time is right for me to step back to a non-executive role. New Look remains well placed for future growth in the UK and overseas.”
McPhail said: “I am delighted that we still have Phil available as non-executive chairman. He has played a major role in the development of New Look over the last seven years. This move will also allow him to continue to focus on wider retail industry issues such as monthly rents and service charges where he has made some significant progress to the benefit of all retailers.”