Matalan’s chief executive Jason Hargreaves is stepping down from the role he has held for seven years at the business his father founded in 1985.

The board will now be led by Steve Johnson, who became executive chair after recently succeeding John Mills as chairman.

Hargreaves will remain with the fashion and homewares retailer to offer strategic advice to the board.

He commented: “After seven years at the helm, now is the right time for me to step down as the CEO into my new role.

“I am immensely proud of the culture I have created, one where every member of the team has a voice, is valued equally and works tirelessly to deliver for the Matalan customer.”

Meanwhile, James Brown has been appointed as Matalan’s chief commercial officer.

Hargreaves added: “The recent addition of James Brown as our chief commercial officer will provide the leadership on the trading floor to ensure we continue to grow from the strong base we have today.”

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