The Lovisa Holdings Ltd (ASX: LOV) share price has jumped 7% after announcing the appointment of new leaders in its management team.
Lovisa is a retailer that sells fast fashion jewellery to shoppers in numerous countries.
New leadership team members
Lovisa noted that its new CEO and Managing Director John Cheston has commenced in his role, as of today (4 June 2025).
The board of directors thanked Victor Herrero for his service as CEO and director since his appointment in October 2021, up to the end of his leadership of the company as on 31 May 2025.
Lovisa’s board of directors also announced the appointment of Mark McInnes as executive deputy chair, starting 4 June 2025.
The retailer said that McInnes “brings a wealth of experience and leadership to the role. He’s currently the global CEO of ‘retail and consumer’ for BB Retail Capital (BBRC), a Brett Blundy-related entity.
Lovisa said that with a proven track record in retail, McInnes will “play a key role” in supporting the global CEO and executive team, the chair and the board in setting Lovisa up for its next stage of global growth.
McInnes’ remuneration for his role as executive deputy chair of the company will be A$2 million cash per year.
It was noted that BBRC currently owns 39% of the issued capital of Lovisa.
The Lovisa board said it’s constantly evaluating the skills and experience required of its directors to “best drive outcomes for all shareholders.” The board is also currently considering the appointment of a new independent non-executive director to “continue its commitment to board governance and oversight.”
Management comments
The Lovisa chair Brett Blundy said:
Mark’s extensive experience and proven track record of success in large Australian ASX listed retailers, combined with his leadership skills make him an invaluable member of the Board and Executive Management team. We are confident that his contributions will further strengthen our position in the industry and drive long-term value for shareholders.
Final thoughts on the Lovisa share price
The Lovisa management team looks very capable of producing strong profit growth in the coming years and delivering for shareholders. While US tariffs may make things trickier for its US plans, the rest of the world expansion still looks exciting. It’s one of the ASX growth shares to keep an eye on, in my opinion. However, it is priced for a lot of future growth.
