Hobbs chief executive Nick Samuel has stepped down from the role after seven years at the helm of the womenswear chain.

Former Asda deputy chief executive Tony Campbell will take the role of executive chairman. Campbell was chosen by Delta Two to chair its failed takeover bid for Sainsbury’s last year and is already a non-executive director at Hobbs.

Hobbs chief operating officer Nicky Dulieu will be promoted to the role of managing director.

Hobbs has also announced that in the year to January 26 EBITDA rose 2.9 per cent to£21.4 million with sales rising 3.5 per cent to£98 million.

Samuel, who will remain at the company in a non-executive director role, said: “It has been a great privilege to lead Hobbs over the past seven years. It is one of the most exciting brands. I do believe the potential opportunities for the development of the brand are stronger now than ever.”

He added: “Becoming a non-executive allows me to take on other roles, something I have wanted to do for some time.”