The board of Robert Dyas Holdings Limited has announced that the retailer's chief executive Steve McVey has resigned from the company, less than five months after he was appointed to the role.

Steve McVey, who joined the firm in July this year, is moving to India to become a retail adviser. Finance director Graham Coles will step into the role, while Matt Emerson, currently head of commercial accounting, and previously financial controller of the clothing retailer Fat Face, becomes director of finance.

Mr McVey, who was previously managing director of wholesalers JTF Cash and Carry and Makro UK, was brought in to replace former Robert Dyas chief executive Steven Round, who left the firm unexpectedly in January.

Mr McVey said of his departure: "I have enjoyed my short period at Robert Dyas, but after spending a considerable period as a consultant in the Indian sub-continent, I now intend returning there to take up a position as a retail adviser in India."

Robert Dyas chairman Geoff Brady commented: "Steve leaves the business at a point when our sales growth has accelerated - in the first eleven weeks of the critical Christmas quarter we are running some 5% ahead of last year on a like-for-like basis and 3% ahead for the first eight months of our financial year from April 1. As previously reported, the shareholders continue to review the possibility of an exit in spring 2012 on the back of these strong sales."

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