The senior independent director at troubled Made.com has left the retailer just one day after it said it may need to raise new financing.

Made.com showroom

Made.com’s senior director has left the retailer with immediate effect

Gwyn Burr exited Made.com last Friday with immediate effect. The retailer said her departure was “due to a need for her to give more focus to her other professional commitments at this time”.

Burr joined Made as senior independent non-executive director and chair of the remuneration committee in May last year, shortly before the retailer’s IPO.

Made.com has since been hit by tough trading conditions. In July the retailer cut sales and profit forecasts in its third profit warning in a year as higher costs took a toll and consumers reined in discretionary spending as the cost of living climbed.

Following media speculation last week, Made issued a statement in which it said it was “considering all options to allow it to strengthen its balance sheet. Made confirms that these options include a potential equity capital raise. Made continues to consider its options and a further announcement will be made if and when appropriate.”

Following Burr’s resignation, which was with immediate effect, Made.com chair Susanne Given said: “On behalf of the board, I would like to thank Gwyn for her valuable contribution over the last 15 months.”

Burr’s replacement will be announced in due course.

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