Card Factory chief executive to step down
Card Factory has announced that Karen Hubbard will step down as chief executive at the end of this month.
The greeting cards retailer has already begun a search for her successor, but in the meantime Card Factory chairman Paul Moody will take on the role of executive chairman until a new chief executive is appointed.
Hubbard has held the role for four years and during that time has been credited with driving the evolution of the business from a recently listed company to an established plc.
In a statement, Card Factory said: “Karen and the board have agreed that this is an appropriate time to transition to new leadership committed to the longer term successful implementation of the next phase of the group’s return to growth.”
The retailer will be providing details on its new strategy at a virtual capital markets event on 28 July.
Moody said: “The board would like to thank Karen for her important contribution to the company, made with passion and commitment, over the last four years. The group has a strong customer proposition, the correct strategy for the next phase of development and a highly capable leadership team to deliver it.”
Hubbard added: “I am incredibly proud to have led Card Factory over the past four years and to work with the exceptionally talented people that make Card Factory the great company that it is. Together we have undertaken a significant transformation across the organisation to support its future success. The refreshed strategy will provide a strong foundation for the future.”
Prior to Card Factory, Hubbard worked in senior roles at Asda and B&M.
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