Boss of manufacturing firm has announced he is to step down
The boss of Manchester based manufacturer McBride has announced he is standing down.
McBride is Europe’s biggest maker of retailer own brand household goods.
Chief executive Rik De Vos has informed the board he has decided to leave the company.
A search will start immediately and Rik has advised the board that he will remain in position while his successor is being recruited.
John Coleman, chairman, said: “Rik has brought a strong vision and laid the foundations of the company’s transformation through the “Manufacturing our Future” strategy.
“I would like to take this opportunity to thank him on behalf of the board and colleagues for his contribution.
“I would also like to thank Rik for agreeing to assist the board to ensure a smooth handover of his responsibilities.
“The board wishes him every success in his future endeavours.”
Rik De Vos: “In recent years, we have achieved much in a challenging trading environment.
“We have developed a clear strategy in “Manufacturing our Future” and delivered clear benefits from implementing the “Repair, Prepare, Grow” phases.
“However, I now consider that the group requires different leadership to deliver the next phase of its growth ambitions.
“I’m confident that I will be leaving McBride well positioned to realise these ambitions.”
An announcement will be made regarding Rik’s successor and his departure date in due course.”
The firm said that following a weak third quarter trading period it now anticipates that its full year earnings will be modestly lower than current market expectations, primarily as a result of weaker than expected sales activity in Germany, France and Italy.