SuperGroup co-founder Theo Karpathios steps down
Supergroup, the owner of the Superdry clothing brand, has announced that one of the co-founders of the business, Theo Karpathios, has resigned "to take on new challenges.
Karpathios, who has been with SuperGroup since 2005, will step down from the board today. He held the position of chief executive officer, wholesale and international.
Karpathios said: "I would like to take this opportunity to pay tribute to my dedicated team who over the last eight years have supported my work building Superdry into an international brand. I want to wish the group good fortune for the future as I move forward to take on new challenges.
"As a co-founder of the business, I will always take a close interest in SuperGroup and I look forward to its continued growth and success."
Chairman Peter Bamford added: "Theo, as one of the founders of SuperGroup, can take significant credit for building the company into the international brand it is today and the Board would like to thank him for his contribution to the development of SuperGroup on the international stage. We are sorry that Theo has decided to stand down from the board and we wish him well in his future endeavours."
The company said a process to find a successor is now underway.
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