Halfords Group PLC
07 February 2008
Halfords Group plc
Halfords announces that Ian McLeod, Chief Executive, has resigned from the
company having accepted a leadership position with a large retailer based in
Australia. The Board has agreed that Ian McLeod can take up his new position and
step down from the Board on 29 February 2008.
The Board will now select a successor from a range of internal and external
candidates and a search consultancy has been appointed to assist with this
process. In the interim period the two Board executive directors, Paul
McClenaghan (Trading Director) and Nick Wharton (Finance Director) will report
to the Chairman as Acting Joint Managing Directors.
Richard Pym, Chairman, said: "Ian McLeod has been a fantastic Chief Executive in
the three years that he has held the position and whilst we are disappointed he
has resigned, we understand his decision to accept the opportunity that has been
The Halfords Board would like to thank Ian for his valuable contribution to the
company's successful growth and development.
"Halfords has a clear strategy and a strong management team and that continues
in place. The trading update issued today shows the positive trading performance
for the 43 week period ending 25 January and Ian leaves Halfords in a good
position. We wish him well for the future."
Ian McLeod, Chief Executive, said: "It has been a privilege to be part of the
Halfords transition from private ownership to an independently listed company
once again, and then continue to build our financial performance and market
position year after year.
"The decision to leave has therefore not been an easy one as I have thoroughly
enjoyed working with everyone to deliver the improvements that have been
achieved together. I am confident that Halfords' success will continue given the
company's strength in its people and in each of its core categories."
This information is provided by RNS
The company news service from the London Stock Exchange