LONDON: Studio Retail has confirmed that Paul Kendrick has been appointed as CEO of the Company with effect from 26 March 2021, replacing Phil Maudsley who retired from Studio and stepped down as a director of the Company on the same date.
As previously announced in June 2020, this is the outcome from a structured development and succession plan implemented by the Board working with both Mr Maudsley and Mr Kendrick over the past two years. It follows a successful transition period during the second half of FY21.
Studio will provide a post-close trading update for the financial year ended 26 March 2021 as a whole during the middle of April.
Studio Retail Group currently contains market leading businesses in the UK digital retailing and education supplies markets. It is primarily a retailer and distributor, handling and supplying specialist products manufactured by third parties.
Paul Kendrick joined the Group in May 2016 initially as Commercial and Deputy Managing Director of Studio Retail Ltd before being promoted to Managing Director in April 2017. He was appointed to the Studio Board in December 2019. During his time at Studio, Paul has played a key role in driving the business forwards and growing its online value offer.
Prior to joining Studio, Paul was Marketing and Ecommerce Director at Bonmarche, and held various roles at N Brown Group including leading Marketing, Financial Services, International and Group Development functions. Much of Paul’s early career was spent within the travel industry, at both Thomson (now Tui) Travel and The Co-operative Group.