British online fashion retailer Sosandar has appointed Andrew Mustoe as its permanent chairman, effective from January 1, 2023. Mustoe has been interim chairman of the company since June after succeeding Rob Templeman, who stepped down due to health issues. Prior to joining Sosandar, Mustoe held senior positions at B&Q, Sainsbury’s, and Mothercare. He also serves as a non-executive director at Dunelm Group and B&M European Value Retail..
In a statement, Mustoe said, ‘I am delighted to be appointed as permanent chairman of Sosandar. I have been impressed by the company’s progress since I joined the board as interim chairman in June. The team has made significant strides in improving the customer experience, expanding the product range, and strengthening the balance sheet. I believe that Sosandar has a bright future and I look forward to working with the board and management team to continue to build on the company’s success.’.
Sosandar CEO Julie Lavington added, ‘I am thrilled that Andrew has agreed to become our permanent chairman. He brings a wealth of experience in retail and e-commerce to the role, and he has already made a significant contribution to the company during his time as interim chairman. I am confident that he will continue to provide strong leadership and guidance as we execute our growth strategy.’.
Sosandar has been growing rapidly in recent years. In the year to March 31, 2022, the company’s revenue increased by 53% to u00a3101 million. However, the company has also been loss-making, with a pre-tax loss of u00a318 million in the year ended March 31, 2022. Sosandar is hoping that Mustoe’s appointment as permanent chairman will help the company to turn a profit and achieve its long-term growth ambitions..
Mustoe’s appointment as permanent chairman is a sign that Sosandar is serious about its growth ambitions. The company is investing in new products, marketing, and technology to drive growth, and Mustoe’s experience in the retail sector will be invaluable in helping the company to achieve its goals. Sosandar is a growing company with a lot of potential, and Mustoe’s appointment as permanent chairman is a positive step in the company’s development..
