Former FatFace COO Takes the Helm
- JoJo Maman Bébé appoints former FatFace COO Mark Wright as interim CEO
- Wright to start new role at the end of October
- Current CEO Gwynn Milligan steps down
- Wright left FatFace earlier this year
JoJo Maman Bébé has appointed former FatFace chief operating officer Mark Wright as its interim CEO. Wright, who left FatFace earlier this year, will take on his new role at the end of October as the mother and baby brand’s current boss Gwynn Milligan steps down. Wright had joined FatFace in 2017 and served as commercial director before being promoted to CEO in April 2022. He expressed gratitude for the support from CEO Will Crumbie and former chief executive Liz Evans during his time at the fashion retailer, mentioning he planned a break but confirmed starting a new role at JoJo Maman Bébé. The appointment comes amidst a wave of CEO exits in the retail industry.
Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about the appointment of Mark Wright as interim CEO of JoJo Maman Bébé and his previous role at FatFace. It also mentions Gwynn Milligan’s departure from the company. The only potential issue is the mention of a ‘revolving door in retail’s boardrooms,’ which could be seen as an exaggeration, but overall, it is factual and informative.
Noise Level: 6
Noise Justification: The article provides relevant information about the appointment of Mark Wright as interim CEO at JoJo Maman Bébé and his previous experience at FatFace, but it contains some filler content with unrelated information about the revolving door in retail’s boardrooms and a call-to-action to sign up for a newsletter.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the appointment of Mark Wright as interim chief executive at JoJo Maman Bébé, a mother and baby brand, which could impact the company’s financial performance and operations. However, it does not directly mention any specific financial topics or markets being affected.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
www.retailgazette.co.uk