Sportswear and promotional products company Next has named Robert Budd as its new chief executive officer, replacing William Hensley who is retiring.

Budd joins Next after six years as founding partner of consulting firm TBA Management Services, where he served as both CEO and chief operating officer.

Budd said: "Having worked with them (the Next team) over the last couple of years, I feel comfortable that I have a clear understanding of the company's precise needs."

Next designs, develops, markets, and distributes licensed and branded promotional products and imprinted sportswear.