Jason Hargreaves, son of Matalan founder and owner John Hargreaves, “will remain with the business in a new capacity, from which he will continue to provide strategic counsel to the board”, the retailer said.

Matalan’s recently appointed chair Steve Johnson, whose appointment was unveiled in June, will step into the role of executive chair succeeding Hargreaves.

Johnson will work alongside the existing leadership team to oversee the day-to-day running of Matalan alongside chief commercial officer and former Sainsbury’s executive James Brown.