New Look seeks replacement chief executive
Danny Barrasso, New Look’s managing director UK & ROI, has been appointed as interim chief executive with immediate effect.
The company said its board has already commenced a search process to identify and appoint Kristiansen’s permanent successor.
John Gnodde, New Look chairman, said: "On behalf of the board, I would like to thank Anders for the fantastic contribution he has made during his time here at New Look. Under his leadership, the company has made significant progress and we wish him well for the future.
"As New Look embarks on its next phase of development, we have mutually agreed that it is the appropriate time for a change to the leadership of the company. Danny and the wider executive team have the full support of all the shareholders to provide continued operational progress and leadership as we search for a permanent chief executive."
Earlier this month, New Look posted a 7.5% decline in UK like-for like sales as it reported a “disappointing” first quarter.
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