Ron Stewart has left Ted Baker after nine years as a non-executive director

Ron Stewart has left Ted Baker after nine years as a non-executive director

Ted Baker has announced the departure of long-time non-executive director, Ron Stewart, just a week after the UK fashion retailer saw its CEO and chairman step down.

Stewart has left the company with immediate effect after nine years as a non-executive director of the group, latterly as the senior independent director. Jon Kempster, who has held board positions with companies including Delta and Sports Direct International, will assume the role of chair of the Audit and Risk Committee immediately and will also join the Remuneration committee.

Helena Feltham assumes the role of senior independent director, the company said in a filing today (17 December).

The news comes a week after the company said CEO Lindsay Page had quit after just nine months in the role. He had been with the company since 1997, and stepped into the CEO post following the resignation of company founder Ray Kelvin on allegations of inappropriate behaviour towards employees. Page will be succeeded on an interim basis by Rachel Osborne.

The group's executive chairman David Bernstein also stepped down from his post last week.

The departures follow another profit warning from Ted Baker, which says its full-year profit is likely to be just GBP5-10m (US$6.6-13.1m), compared with a pre-tax profit last year of GBP50.9m. The group cited trading "below expectations" in November including on Black Friday and said it anticipated "difficult trading conditions" to continue.