Budget chain Matalan said its finance director Phil Button will leave the company's board on 9 January.

Dutton - previously finance director at Asda - will be succeeded by Euan Imrie, who used to be finance director at Littlewoods Home Shopping. It is not known what Dutton's next move will be.

His exit follows the resignation of chief executive John King, who is moving to department store firm House of Fraser. King is being replaced by ex-Littlewoods chief executive Alistair McGeorge.