Go Outdoors has suffered another high profile departure as chief financial officer David Hanney prepares to exit next year.

Hanney has been at the growing outdoors retailer for over five years and will stand down in March. Prior to Go Outdoors he held positions at Thorntons and GUS.  

The reasoning behind his departure is unclear. Go Outdoors declined to comment.

Hanney’s exit follows the departure of head of buying and merchandising Chris Boardman, who left to join rival Yeomans, which was acquired in July by former Deutsche Bank trader Jason Granite.

Go Outdoors sold a 25% stake to private equity firm 3i earlier this year in a deal which valued the retailer at £90m to £100m.

Following the deal Go Outdoors secured a £30m credit facility from Lloyds Banking Group to fund its expansion. It plans to open 10 stores this year and expects store numbers to grow to more than 70 outlets over the next four years

The fast-growing retailer reported a sales soar of 57% to £114.9m in the year to January 30.