Hargreaves returns to chair Matalan

Matalan founder John Hargreaves has moved back into the role of chair, replacing executive chair Steve Johnson who has stepped down.

Hargreaves said: “I would like to personally go on record and thank Steve for all his invaluable leadership and contribution over the last two years. Steve joined the business in a non-executive chair capacity and I am grateful that he agreed to step into an executive role to help guide the company through the pandemic. Nobody could have predicted the pandemic or the more recent macro-pressures affecting the retail industry.

“Matalan’s navigation of these challenges, our market share gains, and the top-line performance announced in our latest trading statements are testament to Steve’s leadership and our colleagues’ ongoing dedication. My belief in, and passion for, the business is stronger than ever and I look forward to maximising our growth potential, along with the senior leadership team, delivering true omnichannel value for our customers.”