Manchester-based ecommerce fashion retailer In The Style has announced its Chief Financial Officer and Chief Operating Officer Paul Masters intends to step down from his role to focus on his health.
He will step down in March with the board announcing the appointment of Richard Monaghan, who will join the company in mid-March to take over the role of CFO.
Paul Masters joined the company in 2017 and led the business through its IPO in March 2020 during his role as CFO and COO.
In his current role, Monaghan is Director of Finance at Victorian Plumbing where he played a key role in the company’s recent IPO. He has held previous roles including Deputy CFO and Group Financial Controller at Autotrader.
CEO Sam Perkins will now oversee the operational aspects of Paul Masters combined role.
Jim Sharp, Non-Executive Chairman, said: “On behalf of the Board and everyone at In The Style I would like to thank Paul for his outstanding commitment and significant contributions to the Group’s success over recent years, which has been a truly transformational period for the Group. We wish him the very best for the future and are fully supportive of the difficult decision he has had to make at this time.
“We are delighted to have appointed Richard to the role of CFO. Richard is an outstanding candidate with extensive experience at consumer-facing brands and public companies, and I have no doubt that he will play a critical role in helping In The Style to achieve its exciting growth plans over the years to come.”