Card Factory boss Karen Hubbard is stepping down from her role at the end of this month after four years at the helm.
Hubbard will step down from the end of June, with a search for her successor to commence immediately. Chair Paul Moody will take the role of executive chair until a successor is appointed.
Hubbard’s departure comes as Card Factory seeks “new leadership committed to the longer term successful implementation of the next phase of the group’s return to growth”.
The retailer is set to unveil its new strategy on July 28.
Moody said: “The board would like to thank Karen for her important contribution to the company, made with passion and commitment, over the last four years. The group has a strong customer proposition, the correct strategy for the next phase of development and a highly capable leadership team to deliver it.”
Hubbard added: “I am incredibly proud to have led Card Factory over the past four years and to work with the exceptionally talented people that make Card Factory the great company that it is. Together we have undertaken a significant transformation across the organisation to support its future success. The refreshed strategy will provide a strong foundation for the future.”
Hubbard’s departure means there are now no women at the helm of FTSE listed retailers.
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