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McColl's Retail Grp - Directorate Change

RNS Number : 0340M
McColl's Retail Group plc
06 May 2020
 

 

 

Directorate Change

 

McColl's Retail Group plc ("McColl's" or "the Group"), announces that Robbie Bell has informed the Board of his decision to step down as Chief Financial Officer and from the Board to take up the equivalent role at Holland & Barrett Retail Ltd.

 

A full search to identify a permanent successor is already underway and a further announcement will be made in due course. Robbie will remain at McColl's in his current role until a replacement has been appointed and a handover has taken place. The exact date of his departure will be announced once confirmed.

 

Jonathan Miller, Chief Executive, said: "I would like to thank Robbie for his contribution to McColl's during his time here and we wish him well for the future. This is a busy time for McColl's as we continue to respond to increased customer demand and keep the neighbourhood communities we serve supplied with the food, goods and services they need every day."

 

Robbie Bell said: "It has been a pleasure working at McColl's and I would like to thank Jonathan, the Board and all my colleagues for their support. Whilst it was a difficult decision, I am stepping down to pursue a new opportunity, and I wish McColl's every success in the future."

 

 

This announcement is issued in accordance with Listing Rule 9.6.11 (2).

 

 

Enquiries

Please visit www.mccollsplc.co.uk or for further information, please contact:

 

McColl's Retail Group plc

Angus Porter, Chairman

Jonathan Miller, Chief Executive Officer

+44 (0)1277 372916

 

Media enquiries:

Headland

Ed Young, Rob Walker, Charlie Twigg

+44 (0)20 3805 4822

 

 

Notes

 

Leaving arrangements:

Robbie Bell has a notice period of 12 months and accordingly he will stand for re-election at the forthcoming Annual General Meeting on 11th May 2020. Robbie will continue to receive his base salary, benefits and pension provision during his notice period up to the point that he leaves the Group at which point they will cease. As he has resigned from the Board he is not entitled to receive any further bonus payments or share awards, and any unvested LTIP awards will lapse at cessation.

 

About McColl's Retail Group

McColl's is a leading neighbourhood retailer, with an estate of over 1,400 managed convenience stores and newsagents. We operate McColl's 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. Our dedicated colleagues serve five million customers every week, and we are the largest operator of Post Offices in the UK.

 

LEI: 213800R1TLR536P8YJ67

 


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Quick facts: McColl's Retail Group

Price: 39

Market: LSE
Market Cap: £44.93 m
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