The Dreams chief executive Nick Worthington is set to leave the UK's biggest bed retailer three months after it was acquired by a private-equity firm.
Sun European bought the troubled retailer out of administration in March in a £35 million deal. It is working with executive search company Redgrave Partners to find a replacement.
Worthington joined Dreams in 1997, and became chief executive in 2008.
Dreams founder Mike Clare sold the chain to another private-equity firm, Exponent, for £222m in early 2008 but the downturn in the housing market and an over-ambitious store expansion saw it fall on hard times.
Dreams confirmed Worthington was leaving. He will remain with the business as long as required to ensure a smooth transition.
Worthington said: "It has been a truly exciting journey over the past 16 years. I believe I am leaving a business that is in great financial shape, and the time is now right to move on to something new.”
Sun European declined to comment, while Redgrave did not return calls.