Ross Lane, a director of the company, has assumed the CEO role on an interim basis with Oroton stating that Newman will assist in the transition.
“Mark joined the Group in April 2010 initially as vice president of Ralph Lauren Australia and New Zealand and was appointed CEO and managing director in August 2013,” said John Schmoll, chairman, Oroton Group.
“On behalf of the Board and the entire OrotonGroup team, I would like to thank him for his loyal service and for leading OrotonGroup as it began its transformational change journey and we wish him all the best in his future endeavours.”
Schmoll said that Lane had been a director, executive and major shareholder together with his family “for many years and therefore has an intimate knowledge of OrotonGroup’s business and current initiatives.”
“This knowledge together with Ross’s broad retail experience from active participation in the successful growth of a number of other retail businesses means Ross is ideally qualified to lead the company during this important period of transition,” he added.
When contacted by Inside Retail for further information, the luxury retailer said it is not yet commenting on Newman’s sudden departure.
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