Only 18 new retail CEOs were appointed in the UK last year, marking a 54% drop from 2020.
A new report from management consultancy firm Korn Ferry revealed that of the 21 retail companies in the UK that announced their chief executive was stepping down in 2021, only 18 have revealed a successor.
The remaining three retailers – Asda, Asos and Clarks – are expected to reveal their newly appointed leaders in the coming months.
The appointment of 18 new chief executives marked a notable decline compared with the previous year. In 2020, 33 retail CEO appointments were reported as the pandemic began. This had also been regarded as a historically low number compared with the 45 changes recorded in 2019.
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