Moonpig has revealed that boss Nickyl Raithatha plans to leave the firm after seven years in the role.
The online greetings card firm said Mr Raithatha has a year鈥檚 notice period and will continue to lead the firm while it hunts for a successor.
Chairwoman Kate Swann said: 鈥淚 would like to thank Nickyl for his service and contribution as chief executive, including leading the group to a successful initial public offering (IPO) on the London Stock Exchange in 2021.鈥
She added: 鈥淣ickyl has built a seasoned leadership team that will drive strong execution continuity during the transition.
鈥淲e are well prepared from a succession perspective and will continue to work closely with Nickyl as we look to appoint his successor.鈥
Mr Raithatha joined the online retailer in 2018 after having founded and led womenswear brand Finery as chief executive.
He said: 鈥淎fter seven years as chief executive, I am proud to leave the group in a strong position.鈥
He added: 鈥淎s today鈥檚 full-year results show, the business is in excellent shape, with strong momentum, an experienced senior leadership team and significant growth potential.
鈥淯ntil I hand over to my successor, I remain focused on executing our strategic priorities.鈥
Details of his departure plans came as the firm reported a 16% rise in underlying pre-tax profits to 拢67.5 million in the year to April 30 and said more recent trading saw it enjoy record Father鈥檚 Day demand.
It notched up a 2.6% rise in revenues to 拢350.1 million.
On a reported basis, the group saw profits slump to 拢3 million from 拢46.4 million a year earlier.
It took a 拢56.7 million write-down in the group鈥檚 first half on its experiences division, but said it was 鈥渢aking proactive steps to reposition the Experiences proposition against a challenging market environment鈥.
On the current financial year, Moonpig said: 鈥淪ince the start of the year, trading across the group has been in line with our expectations, including strong Father鈥檚 Day trading.鈥
Mr Raithatha said the group had enjoyed its biggest ever Father鈥檚 Day, with sales outstripping records seen at the peak of lockdown in 2020.
The firm expects underlying earnings to grow at a 鈥渕id-single digit percentage rate鈥 in 2025-26.