Supergroup –holding company of the Superdry brand- has announced the appointment of Nick Wharton as Chief Financial Officer (CFO) of the company.

Previous position holder Shaun Wills had to quit with immediate effect after a personal bankruptcy order at the beginning of February, a fact that the company’s board found out about a few days ago. Supergroup points out that the incident is not related to the financial position of the business and that the strategy update of the company on 26 March 2015 is going to be held as planned.

New CFO Nick Wharton was previously CEO of the Dunelm Group and before that CFO of Halfords Group.