Ex-CEO returns to troubled company

TROUBLED subscription service Naked Wines has brought its old chief executive back as an adviser just days after a representative for one of its biggest shareholders left the board.

The business said Rowan Gormley, who still owns a 2.9% stake in Naked Wines, will take on an unpaid role as “adviser to the board” as it tries to set out a new strategy.

He will take on the role for between two and three months.

The announcement comes two days after Naked said Pratham Ravi had left its board. Mr Ravi is an analyst with Florida-based investor Punch Card Capital, one of Naked Wines’ largest shareholders.