House of Fraser chief executive Nigel Oddy has resigned less than two years after taking up the post, leaving the retailer hunting for a new boss at the start of the vital Christmas trading period. Oddy will leave at some point in the new year once the company's board has found his replacement, the company confirmed. Oddy joined House of Fraser in 2007, after rising through the ranks at Marks and Spencer before being made chief operating officer at House of Fraser. In 2015 Oddy was made chief executive when John King stepped down following House of Fraser's 2014 acquisition by Chinese conglomerate Sanpower Group. House of Fraser has since posted its fifth consecutive year of annual losses.

Illustration 'House of Fraser CEO Nigel Oddy has resigned ' (png - 0.58Mo)