New Look names former Sainsbury’s boss Coupe as chairman

New Look has appointed former Sainsbury’s chief executive Mike Coupe as non-executive chairman, succeeding Alistair McGeorge. Coupe, who is also non-executive chairman of Oak Furnitureland and Harding Retail, will take up his new role on 29 September. He was chief executive of the supermarket giant for more than six years until 2020, overseeing the growth of its Tu Clothing business and the respective acquisitions of former Argos and Habitat parent Home Retail Group and Nectar.  Coupe said: “As a leading womenswear brand known for its broad-appeal fashion, the business has a significant opportunity to capitalise on through its omnichannel model and loyal customer base.” McGeorge departs New Look after his return as executive chairman in 2017 to turn around the company, following a prior tenure as chairman from 2011 to 2014. He had stepped back from day-to-day operations to become non-executive chairman in January last year, following the appointment of Nigel Oddy as chief executive. Over the last 18 months he has worked closely with Oddy in overseeing the management of the business through the Covid-19 pandemic, 2020 CVA and recapitalisation. McGeorge said: “After four years as chairman, now is the right time for me to stand down.  “New Look is in a remarkably better position now than it was when I returned to it in 2017. This is fundamentally due to decisive actions taken to restructure the business operationally and financially, and to recover the broad-appeal fashion and great value that New Look is known for, which has been led by Nigel and his team. “I leave the business in incredibly capable hands and the company will benefit greatly from Mike’s invaluable expertise, experience and oversight as it looks to continue on the positive trajectory it is set on.” Oddy said: “Alistair’s contribution to New Look has been invaluable. He has provided strategic vision, operational experience, and wise counsel to the board during his tenure. He leaves the business with a clear strategy and in a strong position for future growth.” To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews Image © Jack Dredd/Shutterstock