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Gloucestershire Business News

First key appointment made by new Superdry management

The new management at Superdry have made their first big appointment since returning to the board after an acrimonious battle for control.

The company announced to the London Stock Exchange this morning that it had appointed Nick Gresham as interim chief financial officer.

Mr Gresham, who is currently CFO of Wiggle, an online sports and cycling retailer, has previously held CFO roles at Oak Furnitureland and Connect Group PLC.

He has also had vast experience working in finance roles for retailers such as Homebase, Home Retail Group, GUS and Debenhams.

Mr Gresham will start his new role on June 3, succeeding Ed Barker, who resigned on April 2 following the bitter battle for boardroom control.

That saw founder Julian Dunkerton return to the board one year after stepping away from the company he founded as a market stall in Cheltenham back in the 1980s.

His return was approved by just more than 50 per cent of the company's shareholders, who also approved the appointment of Peter Williams to the PLC board.

Mr Barker was one of the members of the board who resigned en masse following the battle for control and is currently serving his notice.

According to the statement: "Nick and Ed will focus on a smooth and orderly handover of responsibilities ahead of the company's preliminary results scheduled for 4 July 2019."

Peter Williams, chairman of the board of Superdry, said: "I am delighted to have secured an interim CFO of the calibre of Nick, who has extensive experience in senior finance roles across the retail sector.

"This is an important step for Superdry as we continue to focus on rebuilding the board and putting the right leadership and corporate governance structure in place."

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