MADE.L Share News (MADE)

(Sharecast News) - Made.com has announced the immediate departure of chief executive officer Philippe Chainieux for family reasons.

Chief operating officer Nicola Thompson will assume the position of interim CEO with immediate effect, working closely alongside chief financial officer Adrian Evans. Thompson has held the role of COO since September 2019 and has been "integral to the formulation of the company's strategy", Made said.

She has more than 20 years of retail experience, and more than 10 years' experience in senior leadership positions within high growth, international e-commerce businesses.

Made chair Susanne Given said: "On behalf of the board, I would like to thank Philippe for his dedication and hard work over the last nine years, during which he and the Made team have built this exciting, unique and successful digital consumer business.

"In 2021 we delivered record revenues and finished the year in a strong financial position. It is with sadness and understanding that the board accepts Philippe's resignation and we wish him and his family well for the future."

At 0930 GMT, the shares were down 3.5% at 78.20p.