McColl's Retail Group plc Directorate Change (4169Y)
January 14 2022 - 2:00AM
UK Regulatory
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RNS Number : 4169Y
McColl's Retail Group plc
14 January 2022
14 January 2022
McColl's Retail Group plc
Directorate change
McColl's Retail Group plc (the "Company") today announces that
Richard Crampton has informed the Board of his decision to resign
as Chief Commercial Officer ("CCO") to take up the role of Director
of Fresh Food and Food Services at J Sainsbury plc. Accordingly,
Richard has stepped down from the Board with immediate effect, and
the Company has agreed to release him from his contractual notice
obligation on 18 February 2022, after an orderly handover.
Karen Bird, Chief Operating Officer ("COO"), will assume
responsibility for Commercial alongside her existing duties. The
role of CCO will not be replaced. Karen has extensive experience in
convenience and food retail. Prior to joining McColl's, she spent
over 25 years with Tesco, including leading significant change
programmes. Karen takes over a commercial team that was recently
strengthened with the addition of Paul Cunningham, Commercial
Director, who joined from Co-operative Group, and Rob George,
Customer Director, who joined from J Sainsbury plc.
Jonathan Miller, Chief Executive, said: "On behalf of the Board,
I would like to thank Richard for the valuable contribution he has
made to the business over the past two years, and to wish him every
success in his future role.
"I am delighted that Karen will now be incorporating commercial
into the role of COO. Karen has made a significant contribution to
the business since joining in 2016 and has been instrumental in
leading the Morrisons Daily rollout. With these changes I am
confident that we have a strong team in place to implement our
strategy, and that the rollout of Morrisons Daily will deliver
long-term sustainable growth."
This announcement is issued in accordance with Listing Rule
9.6.11.
Enquiries
Analyst & Investors: Tej Randhawa, McColl's +44 (0)1277 372916
Media: Ed Young, Headland +44 (0)203 805 4822
Rob Walker, Headland mccolls@headlandconsultancy.com
Charlie Twigg, Headland
Notes
Leaving arrangements
Richard will continue to receive his base salary, pension
provision and benefits (including any accrued holiday pay) during
his notice period up to the point that he leaves the Group on 18
February 2022, at which point they will cease. As he has resigned
from the Board, Richard is not entitled to receive any further
bonus payments or share awards, and any unvested LTIP awards will
lapse at cessation. Further details of the amounts paid in respect
of salary, benefits and pension will be set out in the forthcoming
Directors' Remuneration Report.
About McColl's Retail Group
McColl's is a leading neighbourhood retailer, with an estate of
over 1,100 managed convenience stores and newsagents. We operate
McColl's and Morrisons Daily branded convenience stores as well as
newsagents branded Martin's across the UK, except in Scotland where
we operate under our heritage brand, RS McColl.
LEI: 213800R1TLR536P8YJ67
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END
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