New chairman appointed at The Hut Group

The Hut Group has announced that Richard Pennycook has been appointed chairman of the online retail business.

Currently non-executive independent director of the group, Pennycook will take the position on April 1st as the current chairman, Angus Monro, stands down.

The Hut Group chief executive Matthew Moulding said: Angus has guided us through a period of transformational growth, broadening the group’s expertise to create best-in-class product offerings in high-value, repeat purchase consumer segments, all underpinned by our proprietary data and technology platform.”

I am excited by the prospect of leading the business through the next phase of significant growth,” said Pennycook.

Story originally published on PCR