The finance director of French Connection has quit after more than a decade, following a troubled period at the fashion retailer.
Roy Naismith, who joined in 2001, has stepped down from his role and the board with immediate effect. It is unclear if he has another job to go to.
French Connection suffered a pre-tax loss of £10.5 million in the 12 months to end- January after a “difficult trading year” in the UK and Europe. However, it said last month that the people, product and operational changes it had made were beginning to bear fruit in improved “momentum” in the UK.
Founder and chairman Stephen Marks said: “Roy has been a key member of the team for a considerable period. He has also been instrumental in providing strategic insight on the implementation of our recent initiatives, which are beginning to show progress.
“With these measures now in place, Roy has decided that now is the right time for him to step down.”
