Jessops Chief Executive Ian Langley today resigned from his position in order to pursue other business interests but will remain with the company until the end of November to assist with the Christmas trade period. The process of recruiting a successor will begin immediately but Executive Chairman Davis Adams will be taking a more hands on role in the interim supported by an Operating Committee.
Adams commented "Following a tough year for Jessops, I am pleased with the progress that the Group has demonstrated against a difficult market backdrop. We are on track to deliver Phase I of the turnaround plan and we are progressing Phase II in the Autumn. With the restructuring activities and associated disruption scheduled to be completed by the end of October I am confident that we have the plans in place, together with an experienced senior management team, to ensure continued progress. On behalf of the Board I would like to thank Chris for his significant contribution to the business.”
The news comes just weeks after the departure of finance director Ian Harris who is due to leave the group at the end of the month. Annual sales for Jessops are also reported to have fallen by 8.7% according to a trading statement, meaning a loss of £7.5m for the company.