Alistair McGeorge, Non-Executive Chairman of British fashion chain New Look has informed the company that he intends to step down from the Board and leave New Look at the end of May 2014.

Tom Singh, founder of the company and current Executive Director, will become Interim Non-Executive Chairman until a permanent successor is appointed.

McGeorge said: “I have greatly enjoyed my time at New Look but I feel that it's the right time to seek new challenges. I am very proud of what we have achieved and I am fully confident that the company will continue to flourish under Anders [Anders Kristiansen, CEO New Look] and his team.”