New Look non-executive chairman Alistair McGeorge is to step down after three years at the value fashion retailer.

McGeorge, who was appointed as executive chairman of the group in May 2011, will leave at the end of May to pursue other opportunities.

Prior to New Look, he served as chief executive at out-of-town fashion and homeware retailer Matalan, and previously held various roles at Littlewoods/Shop Direct, latterly as CEO.

New Look founder and executive director, Tom Singh, will become interim non-executive chairman until a permanent successor is appointed.

Commenting on the move, CEO Anders Kristiansen said McGeorge "has been an instrumental part of the transformation of the company over the past three years".