Joules Group PLC (LON:JOUL) has appointed the former commercial director of ‘big four’ supermarket Asda, Nick Jones, as its new chief executive.
Jones, who also served as a director at FTSE 100 high street retailer Marks and Spencer Group PLC (LON:MKS) for 15 years, will take up the position before the end of the year and replace Colin Porter, who in April announced his retirement from the upmarket fashion chain after eight years in the role.
READ: Joules slides as boss Colin Porter signals retirement
“Nick's extensive retail, brand and strategy credentials, as well as a clear alignment with the Joules values, made him the outstanding candidate for the role”, said Ian Filby, Joules’ non-executive chairman.
“Nick will join an exceptional management team and the Board has every confidence in their abilities to lead Joules through the next stages of the group's long-term growth and development."
During his time at Asda, Jones initially ran the group’s George clothing business before eventually covering the food, clothing, and homeware divisions as commercial director.
In late-morning trading on Wednesday, Joules shares were up 0.3% at 279p.