FatFace, after being acquired by Next, is experiencing leadership shifts as it transitions to Next's Total Platform. Mark Wright, the COO, is leaving to pursue new opportunities elsewhere, and the company isn't actively seeking a replacement for his position.
FatFace, after being acquired by Next, is experiencing leadership shifts as it transitions to Next's Total Platform. Mark Wright, the COO, is leaving to pursue new opportunities elsewhere, and the company isn't actively seeking a replacement for his position. Instead, the duties previously handled by Wright will be reassigned to current and newly appointed board members.
Jo Wilson, previously head of people, and Karen Johnston, former head of UK and ROI stores, ascend to the roles of people director and stores director, respectively. Additionally, Keely Stocker, the group's marketing and brand communications director, assumes the position of marketing and ecommerce director, expanding her oversight to digital and customer services. Interim finance director Amy Lynch secures her position permanently.
FatFace CEO Will Crumbie expresses confidence in the revamped leadership team, emphasizing its alignment with future growth objectives. Notably, Next holds a majority stake of 97% in FatFace, with the brand's management retaining a 3% equity share. In the acquisition agreement, management will engage in a performance-based equity program, all the while preserving their autonomy and creative freedom.
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