Gymshark chief financial officer has stepped down after two years in the role

Dunn joined the sportswear retailer in December 2022 following a stint at Asos as chief operating officer and chief financial officer. He was also chief financial officer at drink manufacturer Britvic prior to that.

A spokesperson for Gymshark told City AM: “Mat Dunn was employed as chief financial officer from December 2022 to November 2024.

“During that time, Mat was instrumental in evolving our finance and commercial functions, and we thank him for all he contributed.”

According to Companies House filings, Dunn’s termination of his role occurred on November 19. Gymshark’s most recent results for the year to July 31 2023 showed pre-tax profit declined from £27.8m to £13m year-on-year.

Its revenue did increase from £39.9m to £45.3m, with Gymshark previously saying it focuses more on revenue “due to its proxy for underlying trading performance”.

The retailer is also planning to open three permanent stores in Manchester’s Trafford Centre, Westfield London, and Kalverstraat in Amsterdam which will be Gymshark’s first store in mainland Europe.

It has also opened its first-ever retail outlet pop-up at Bicester Village, Oxfordshire, which will run until January.