After seven years at the helm of the carpet and flooring specialist, Walsh will take on a wider remit as chair of Nestware, a Meditor subsidiary.

In his new role, he will be responsible for overseeing Carpetright, Flooring Supplies, Flooring Megastore Carpet & Flooring and any future acquisitions.

During his tenure, Walsh has led Carpetright through turnaround strategies including a company voluntary arrangement (CVA) to restructure its portfolio and the sale of the retailer to Meditor.