Halfords Group plc (Halfords)
Halfords announces that Richard Pym, Chairman, has resigned from the company having agreed to join the Board of Bradford & Bingley plc, in the role of Chief Executive. Richard will leave the business on 22 August 2008.
While the Board considers a successor, Nigel Wilson, the company's Senior Independent Director, will undertake the role as Acting Chairman.
Nigel Wilson said: " Halfords has benefited from Richard's experience, insight and support over the past two and a half years as Chairman and before that as Senior Independent Director. During his tenure, Halfords has continued to grow its core UK operations and, in its centenary year, took the first steps to expand its unique customer franchise overseas. On behalf of the Board, I would like to thank Richard for his commitment and contribution and wish him well for the future. "
Richard Pym, said: "Halfords has great people, a strong board, and a very capable new Chief Executive. I am sorry that my new commitments mean I am unable to continue my role at the company, but I am confident that the strength of the Halfords customer proposition will ensure its continued success."
Notes for Editors:
1. Nigel Wilson is Deputy Chief Executive and Chief Financial Officer of United Business Media plc. Nigel joined the board as a non-executive Director in May 2004 and was appointed Senior Independent Director on 1 April 2006.
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