Richard Pennycook is steeping down from the role of non-executive chairman of the Hut Group as his second three year term comes to an end. Matthew Moulding, founder and chief executive of The Hut group will take the executive chair role on 31st December following a handover period.
Moulding commented: “We would like to thank Richard for his great contribution over the last six years. It’s been a journey that I’ve enjoyed to the fullest and a period of time that gives me great pride.”
The Hut Group operates 166 localised websites, retailing products in 164 countries. Over half of its sales come from own-brand products.
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