CEO and CFO at Crawshaw to exit the business
Rotherham-based Crawshaw Group has this morning announced that both its chief executive and chief financial officer are to leave the business.
The butcher and retailer said Noel Collett, chief executive, had informed the Board of his intention to step down to pursue other opportunities but will remain in his role until a replacement CEO is appointed to ensure an orderly hand over.
The Group also announced that Alan Richardson, chief financial officer, had notified the Board of his intention to leave the business in early May to take up an opportunity outside the Group.
In January, Crawshaw warned about the profitability of its high street stores and said it had accelerated its plans to shift its focus towards factory shops.
Crawsahw added this morning: “Trading for the year ended January 2018 remains unchanged and the full year results will be announced in April. Trading in the first 6 weeks of the new financial year has been challenging, exacerbated by the recent poor weather but the factory shop format continues to perform well.
Jim McCarthy, chairman of Crawshaw Group, said: “The Board of Crawshaw thanks Noel and Alan for their contribution and wishes them success in their future endeavours. We anticipate being in a position to announce a new CEO and CFO in the near term who will help drive the business forward.”
