Matalan announces board change
Matalan has announced that Stephen Hill, its chief financial officer, has decided to step down after 23 years with the business to “pursue his next challenge”.
He will be succeeded by Dave Williams, who joined the business this week as chief financial officer designate, and will take up the board level position after a short handover.
Meanwhile, Hill will continue to work with the business in a new capacity as an advisor to the board for the next few months.
Jo Whitfield, chief executive of Matalan, said: “Stephen has been instrumental in helping shape Matalan over a long period, bringing significant investment into the business in supporting its ongoing development including the modernisation of our supply chain, developing our omnichannel capabilities, and opening lots of fantastic new stores.
“His extensive financial, commercial and leadership qualities have proved invaluable and helped steer Matalan to a solid financial footing.
“More recently, Stephen has played an important part of the new leadership team that has stabilised the business after its change in ownership last year, successfully returning it to profit growth.”
Williams previously worked as finance director of Poundland where he also led the property, legal and assurance functions. Earlier in his career, he worked with JD Sports as commercial director and as chief financial officer at retailers such as JJB Sports, The Original Factory Shop and TJ Hughes.