Topps Tiles’ marketing director and former chief executive Nick Ounstead is retiring from the board after 15 years at the tile specialist.

Ounstead will step down “with immediate effect” while Topps Tiles expects to fill the role in “due course”.

Topps chairman Michael Jack said: “Nick made a very significant contribution to Topps during the last fifteen years, being part of the management team that floated the business in 1997 and then leading the business as chief executive between 2002 and 2007.  

“All of us will miss his wise counsel around the board room table and throughout the business. On behalf of everyone at Topps, I would like to send Nick our very best wishes for his future.”