SuperGroup's share price fell this morning after it revealed chief operating officer Susanne Given has left the company.
Her role is being made redundant, with SuperGroup saying her responsibilities would be “absorbed by the executive team”, so the heads of UK retail, IT and logistics will report directly into chief executive Euan Sutherland.
The team had been “substantially strengthened” over the last few years, the firm said. She has left with immediate effect “to explore other opportunities”.
Given joined SuperGroup in April 2012 from John Lewis, where she was buying director. Before that she was managing director of TK Maxx in UK and Ireland.
The news has sent shares in the fashion group, which owns the brand SuperDry, down more than 2.7 per cent in early trading.
Chairman Peter Bamford thanked Given for her “significant contribution to the growth and development of SuperGroup”.
He added: “Susanne played a crucial role in leading key investment programmes which have upgraded the infrastructure and processes of our business and were recently tested to the full over the peak Christmas trading period. We wish her every success in her future career."