Wilko names restructuring specialist as new CEO

Mark Jackson

Budget high street giant Wilko has appointed former Bensons for Beds boss Mark Jackson as its new CEO.

The news comes amid a turbulent period for the retailer, which recently brought in advisors after a combination of soaring inflation, shipment delays and store closures impacted its bottom line.

As we reported last month, Wilko made a loss of £36.8m for the year to January 29 – a huge swing in the wrong direction from the £4.5m profit it made in 2021.

Jackson, a restructuring expert, has been named CEO designate and will replace Jerome Saint-Marc in the hot seat at the Nottinghamshire-headquartered firm.

He was previously CEO of Steinhoff UK and has held senior finance roles at Pepkor, Heal’s plc and Allders.

In November, Wilko announced the £48m sale and leaseback of its distribution centre in Worksop to delivery firm DHL – the first of a series of “transformational efficiencies” planned by the company.

A week later, the retailer was reported to be in talks over a £30m emergency loan to help it through the Christmas trading period.

Wilko currently has 402 stores and employs around 16,000 people.

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