Experienced Executive Joins Fashion Retailer’s Board

  • Stuart MacKenzie appointed as non-executive director of New Look
  • MacKenzie has experience in private equity and venture capital
  • He previously held roles at Brait and Ethos Private Equity

Fashion retailer New Look has appointed Stuart MacKenzie as a non-executive director amid the ongoing coronavirus pandemic. MacKenzie first joined New Look in 2015, serving as non-executive chairman before becoming a non-executive director in 2017. He also represented South African company Brait, which holds an 18.5% stake in the retailer. Recently, MacKenzie stepped down from his role as CEO of Brait and left New Look on March 1st. As the chief executive officer of Ethos Private Equity since 2014, he brings a wealth of experience across various industries and aspects of private equity and venture capital. Alistair McGeorge, non-executive chairman, expressed gratitude to outgoing director John Gnodde and welcomed MacKenzie, stating, ‘We look forward to working with him and benefitting from his expertise.’

Factuality Level: 10
Factuality Justification: The article provides accurate information about the appointment of Stuart MacKenzie to New Look’s board of directors, his previous roles in the company, and the opinions of Alistair McGeorge. It is relevant, concise, and objective.
Noise Level: 3
Noise Justification: The article provides relevant information about a company appointment during the COVID-19 outbreak but lacks in-depth analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or new knowledge for readers.
Financial Relevance: Yes
Financial Markets Impacted: New Look, Brait
Financial Rating Justification: The article discusses appointments and departures of executives in a fashion retailer company and its shareholder, which can impact the financial markets and companies involved.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk