REG - McColl's Retail Grp - Directorate Change

Mccoll'S RetailAnnouncement

14/01/2022 07:05

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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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