Matalan appoints H&M executive Henrik Nordvall as new CEO

Core Insights - Matalan has appointed Henrik Nordvall, a former managing director at H&M, as the new CEO starting February 2026, bringing significant experience in UK apparel retail [1][5] - The leadership change follows the introduction of several new senior leaders aimed at enhancing capabilities in various operational areas [2][3] - Matalan reported a 69% increase in pre-IFRS16 EBITDA to £34 million ($45.29 million) for the six months ending August 30, 2025, driven by margin expansion and cost management [4] Leadership Changes - Henrik Nordvall will join Matalan as CEO, succeeding Karl-Heinz Holland, who will transition back to the role of chair of the board in February 2026 [3][5] - New appointments include Jo Bennett as director of buying and design, Jon Williams for trading, planning, and merchandising, and Eilidh MacAskill as director of marketing [2][3] Financial Performance - Matalan's EBITDA growth of 69% is attributed to effective cost management and strategic initiatives, including a store refresh program that has led to upgraded locations outperforming others by 14% [4] - The company operates 265 stores in the UK and internationally, alongside an integrated e-commerce platform [5]