John Browett has stepped down from his role as chief executive at fashion chain Monsoon Accessorize, after holding the position for less than three years. He is to be replaced by the label's financial director Paul Allen, on an interim basis.

Monsoon Accessorize stated that Browett is exiting his current role in order to "pursue other career opportunities." Browett's sudden departure has been tied to a string of speculation that he left his current role to take on a big job within the industry, after he previously held top roles at Apple and Dixons.

He has been credited for leading the turnaround at Dixons, before he left to join Apple in 2012. "I have enjoyed my time at Monsoon. This is a tremendous business and I wish Paul and the team every good fortune," said Browett on his departure from the label.

In the meantime, Allen will take over his tasks on a temporary basis. "I am pleased to take on this role and look forward to working with the team as we strengthen the business and work to deliver growth," said Allen in a statement. Prior to joining the team at Monsoon Accessorize in early 2013, Allen was chief executive officer at women's wear retailer Jacques Vert.

Monsoon Accessorize also denied speculation that claimed Browett exit was linked to disagreements with Peter Simon, founder of the label, who took the company private in 2007. "We are fortunate to have such a strong leader in Paul, who has a broad experience of retail, international and e-commerce operations, all of which are integral to our growth," commented Simon.

"We would like to thank John for his hard work over the past two years and his success in building a strong team to take the business forward."

 

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