Barbara Snoad’s departure described as amicable and mutual.
Barbara Snoad, CEO of Theo Fennell, has left her role at the luxury jeweller for the second time, with immediate effect.
Snoad’s exit from the company has left Fennell as temporary managing director until a replacement is found. Her departure was announced on Friday morning, with immediate effect.
Snoad worked for Fennell for five years, until leaving the company for the first time in 2007. She returned to the Chelsea-based jeweller in 2009 to help put it back on its feet.
A spokesman for Theo Fennell said that the departure was "amicable and mutual". Chairman Rupert Hambro said Snoad’s work had been a valuable contribution to the firm. He said: "Barbara has been an integral part of a successful turnaround of the business during a challenging period."
The Guardian reported that shareholders were told on Friday that the company was performing satisfactorily in Britain and abroad. It added that its more affordable Alias range of silver jewellery was doing well.