UK-based company Saga has officially announced the appointment of Mike Hazell as its new Chief Executive Officer, succeeding Euan Sutherland. Hazell, who previously served as the group’s Chief Financial Officer, will assume the position with immediate effect. The outgoing CEO, Sutherland, will continue to provide support during the transition period until January 31.
In his official statement, Hazell conveyed his enthusiasm for taking on the new role and affirmed his dedication to driving the company’s strategy of enhancing business performance and reducing debt. Concurrently, Mark Watkins, the current Group Chief Corporate Development Officer, is poised to assume the role of Chief Financial Officer.
Sutherland had previously communicated his decision to relinquish his position as CEO to Saga’s board, after having joined the company from Superdry in 2020. Throughout his tenure, Sutherland implemented new strategies and adeptly steered the company through the challenges posed by the pandemic.
This leadership transition represents a significant milestone for Saga, as Hazell assumes his new position to spearhead the company’s future growth and success.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-Phillips)
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