Ted Baker names new CFO as incumbent leaves for new opportunity
Ted Baker has named a new Chief Financial Officer (CFO) with Marc Dench joining as of today. He’ll join the board and “help lead the next phase of the company's transformation”.
He takes over from David Wolffe who’s leaving “to pursue another opportunity and will resign as a director with immediate effect”.
Dench is “an experienced retail and brand leader” and joins the business from Health Hero, the digital health platform. Importantly for the firm he also has plenty of fashion and retail experience. Before Health Hero, he spent over five years as CFO and director of Joules Group, where he “supported the company through IPO, strategic growth and its transformation to a data and digitally led business”.
And before that, he was CFO of the Global Brands and International Retail division of Walgreens Boots Alliance and held a number of finance and corporate development roles across businesses including Walgreens Boots Alliance, HomeServe and Experian.
So clearly, the CFO’s seat is in good hands.
Wolffe, had been CFO since early 2020 and the company said he “played a crucial role in the first phase of Ted Baker's transformation, leading the company's recapitalisation and helping to put the business back on a path to growth”.
CEO Rachel Osborne thanked him “for his support and dedication over the last two years in stabilising the business and strengthening Ted Baker's foundations”.
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