New Look gets new audit committee chief
Former ITV FD to aid New Look flotation
Henry Staunton, the former finance director of ITV, is to join
New
Look, the fashion chain, as chairman of its audit committee.
The appointment comes as New Look prepares to float on the Stock Exchange.
Staunton is currently a non-exec at Ladbrokes, Legal & General, The
Merchants Trust and Standard Bank. He was also FD at Granada Group and was
chairman of Ashtead Group from 2001 to 2004.
He will be joined on the audit committee by Carolyn McCall, the chief
executive of the Guardian Media Group, and Stella David, chief executive of
William Grant & Sons, the whiskey distillers.
New Look’s chairman is John Gildersleeve, who was appointed in January.
The company plans to float in March. In the last annual results New Look
reported revenues of £1.3bn.
Chief executive Carl McPhail said in a statement: “The Board and I welcome
John Gildersleeve to the group as non-executive chairman and Stella David,
Carolyn McCall and Henry Staunton as non-executive directors. Their experience
will be extremely valuable as the group continues to implement its strategy for
growth and explores further opportunities.”