The Hut Group has announced that Richard Pennycook has been appointed chairman of the online retail business.
Currently non-executive independent director of the group, Pennycook will take the position on April 1st as the current chairman, Angus Monro, stands down.
The Hut Group chief executive Matthew Moulding said: “Angus has guided us through a period of transformational growth, broadening the group’s expertise to create best-in-class product offerings in high-value, repeat purchase consumer segments, all underpinned by our proprietary data and technology platform.”
“I am excited by the prospect of leading the business through the next phase of significant growth,” said Pennycook.
Story originally published on PCR