Julia Reynolds will be leaving Figleaves after three years as chief executive of the company, in order to join outdoor group Blacks Leisure.
The Group announced that Neil Gillis had given notice of his intention to resign from his role as chief executive, upon serving his six month notice period, back in February 2011.
It revealed that Reynolds would replace him yesterday, on the release of its final year results.
In a statement, chairman David Bernstein said: “I am delighted to announce that Julia Reynolds has accepted our offer to join Blacks Leisure as Chief Executive towards the end of the Summer. Julia is a very experienced buyer and retailer who will join us from Figleaves.com where, as CEO, she drove a period of significant growth and improvement in results. Prior to that, Julia was Category Director at Tesco plc where she was responsible for the introduction and subsequent success of the Florence & Fred clothing range.”
He added: “The Group faces a challenging year ahead in this uncertain retail climate. Nevertheless, the Directors believe that the restructuring activity that has been undertaken over the past few years has given the Group a real opportunity to deliver a return to profitability over the short to medium term. With much of this restructuring activity now completed, the appointment of a new Chief Executive with a specialist retail background is a significant step towards completing this turnaround.”
Figleaves has yet to make a formal announcement on the move.