Wednesday 22 May 2019 10:34 am

Superdry appoints interim finance chief after boardroom exodus

Jess Clark is a City A.M. news reporter covering private equity and investment.

Jess Clark is a City A.M. news reporter covering private equity and investment.

Follow Jess Clark
Superdry has appointed a new interim finance chief after the return of founder Julian Dunkerton sparked a mass exodus from the board.

Nick Gresham, the current chief financial officer of sports and cycling retailer Wiggle, will join the company on 3 June, succeeding Ed Baker who resigned in April after investors narrowly voted in favour of allowing Dunkerton to return to the board.

Read more: Superdry warns on profit as Dunkerton vows to 'stabilise' retailer

Gresham has previously held finance chief roles at Oak Furnitureland and Connect Group, and has also worked at Homebase, Home Retail Group and Debenhams.

Peter Williams, chairman of the Superdry board, said: “I am delighted to have secured an interim chief financial officer 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.”

Read more: Superdry appoints new broker after mass exodus

Former chairman Peter Bamford and remuneration committee chair Penny Hughes also stepped down following Dunkerton’s reappointment, which followed a bitter public row between the co-founder and Superdry’s directors.

Shareholders voted by a majority of 50.75 per cent to re-elect Dunkerton in a major blow to Superdry’s directors, who had previously threatened to resign after warning investors that the entrepreneur’s reappointment would be "extremely damaging".