The group has started a search for his successor and in the interim group chief executive Matt Davies will assume direct responsibility for commercial activities with effect from today (3 April).
Davies said: "We would like to thank Paul for his immense contribution over the past eight years. We wish him every success in the next stage of his career."
McClenaghan said: "I have enjoyed working at Halfords and feel we have accomplished a great deal during my time with the business. I feel now is the appropriate time to step down and seek fresh challenges elsewhere."
At 2:30pm: [LON:HFD] Halfords Group share price was -0.65p at 323.85p
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