(Sharecast News) - Saga, which specialises in products for the over-50s, said on Wednesday that it has appointed Euan Sutherland as its new chief executive officer with effect from 6 January.
Sutherland - who was CEO of Superdry for five years - will succeed Lance Batchelor, whose retirement was announced earlier this year.
Saga said Sutherland has "substantial" experience, having led "major" consumer-facing businesses, including financial services, through periods of change, both in the UK and internationally.
Prior to his most recent role at Superdry, Sutherland was CEO of The Co-op Group, the mutual retailer, insurance and funeral services business. Before that, he was group chief operating officer and CEO UK at B&Q owner Kingfisher.
Chairman Patrick O'Sullivan said: "Alongside the recent appointments of Cheryl Agius as CEO of Insurance and Gilles Normand as COO, the board has every confidence in the team now in place to lead and accelerate Saga's turnaround strategy."
Saga (SAGA)17 Apr 2024 10:44
Saga eyes further growth as revenue jumps and loss narrows
(Alliance News) - Saga PLC on Wednesday said it is "confident" looking ahead, as it reported higher annual revenue and a narrowed loss.