Joules on hunt for new CEO as Porter announces retirement

Fashion and lifestyle retailer Joules has started the search for a new CEO to replace Colin Porter, who has announced his retirement.

Porter, who has been at Joules since 2010, has agreed to stay on to ensure a smooth transition, with his departure date still to be confirmed. The outgoing CEO recently agreed to become non-executive chairman at Moss Bros, with the suits and shirts retailer keen to tap into his experience developing a successful and growing international multichannel business.

His decision to retire from Joules comes two weeks after another listed UK business, DIY retail groups Kingfisher, announced that its CEO Véronique Laury is also stepping down. It means two of the UK’s most prominent retailers are on the hunt for new leadership at a challenging time for the industry.

Wickes and Toolstation parent company Travis Perkins also announced last week that CEO John Carter will resign later this year, and will be replaced by Nick Roberts, currently boss of engineering firm Atkins.

"Since joining Joules in 2010 the company has grown significantly,” explained Porter.

“This reflects the strength of the brand and the skill and commitment of the entire team across the business. I can truly say that this is the most special company I have had the pleasure of working at during my career, and that is down to its amazing people and customers.”

Ian Filby, non-executive chairman of Joules, added: "Colin has made a truly outstanding contribution to Joules since joining the business in 2010. During his tenure, Joules has achieved fantastic growth both in the UK and internationally."