Matalan's chief executive, Angus Monro, has quit the company following pressure from his fellow board members. According to a statement from the company, Monro will be replaced by the company founder John Hargreaves. Monro has announced that he was looking to move on from the company within the next two to three years, but company directors felt that this would interfere with the company's aggressive expansion plans and agreed that it would be best for him to leave at an earlier date.