Made.com Group PLC shares fell on Monday after the retailer said its now former chief executive officer Philippe Chainieux has stepped down immediately due to ‘family reasons’.
Shares were down 3.1% at 78.50 pence each on Monday morning in London.
The London-based homeware and furniture retailer said Nicola Thompson will take on the role of interim chief executive officer with immediate effect.
Thompson was working as chief operating officer at Made since September 2019 before the change was made.
Made.com said that Thompson has over 20 years of retail experience and more than 10 years of experience in senior leadership positions within international e-commerce businesses.
Philippe Chainieux has worked as chief executive at Made for six years since September 2016 before stepping down. Prior to being chief executive, he worked as chief operating officer at the company.
‘It is with sadness I have to pause my professional activities to take care of my family. I am incredibly grateful to have been part of the fantastic success story of Made and I am very proud of what has been achieved over the last nine years,’ Philippe Chainieux said.
Interim Chief Executive Nicola Thompson said: ‘I look forward to continuing to work closely with the board and the leadership team to execute our strategy, focusing on enhancing the customer experience, developing our curated range and growing our fantastic brand internationally.’
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