New Look CEO Anders Kristiansen has stood down after almost five years.

The UK fashion retailer’s board has appointed Danny Barrasso, currently MD of UK & ROI, as interim CEO with immediate effect while it identifies a permanent successor.

Chairman John Gnodde said Anders made a “fantastic contribution” during his tenure with New Look.

“Under his leadership, the company has made significant progress and we wish him well for the future. As New Look embarks on its next phase of development, we have mutually agreed that it is the appropriate time for a change to the leadership of the company. Danny and the wider executive team have the full support of all the shareholders to provide continued operational progress and leadership as we search for a permanent CEO.”

Kristiansen said he had enjoyed his time with the brand.

“I am proud of what we have achieved as a company and have every faith in New Look’s future prospects and progression.”

* Store picture by Richard Holton.