Preppy young fashion chain Jack Wills has appointed former trade minister Lord Davies of Abersoch as its chairman.
Lord Davies, who will join Jack Wills from March 24, succeeds Peter Saunders, who is stepping down after a six-year term as chairman.
As a former chief executive and chairman of Standard Chartered Bank, Lord Davies has wide experience in Asia, a key growth market for Jack Wills.
Wendy Becker, chief executive of Jack Wills, said: “Securing a chairman of the calibre of Lord Davies demonstrates how far Jack Wills has come in our relatively short history, and points to an exciting future. He has a fantastically wide knowledge of financial and consumer sectors, has a deep understanding of the UK and Asia and has long taken a close interest in the fashion industry.
“He will provide the Jack Wills management team and me with valuable guidance as we deliver our vision for the brand, particularly given his deep experience in all of our growth markets.”
Lord Davies said: “IJack Wills has a strong, differentiated brand and a first class management team, with a clear strategy for driving continued growth in the UK, internationally and online.”
Last month Jack Wills revealed another high profile signing, with luxury designer Richard Nicoll appointed as creative director. The first collection with his influence will be spring 15.