In The Style chief financial and chief operating officer to step down due to health reasons
In The Style has announced that its chief financial and chief operating officer Paul Masters will be stepping down in March to focus on his health.
Masters has worked with the business since 2017 and has been credited with playing a key role in driving growth and leading the business through its IPO in March last year.
Following a search process, Masters will be succeeded in his chief financial officer role by Richard Monaghan, who is currently director of finance at Victorian Plumbing. His previous roles include stints as deputy chief financial officer and group financial controller at Autotrader. He will take up his new position in mid-March when he will work with Masters to ensure a smooth transition.
Meanwhile, Masters’ chief operating officer responsibilities will be overseen by In The Style chief executive Sam Perkins.
Jim Sharp, non-executive chairman of In The Style, said: “I would like to thank Paul for his outstanding commitment and significant contributions to the group’s success over recent years, which has been a truly transformational period for the group. We wish him the very best for the future and are fully supportive of the difficult decision he has had to make at this time.
“We are delighted to have appointed Richard to the role of CFO. Richard is an outstanding candidate with extensive experience at consumer-facing brands and public companies, and I have no doubt that he will play a critical role in helping In The Style to achieve its exciting growth plans over the years to come.”
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