Tesco directors join Dobbies board
Three Tesco directors have been appointed to the board of Dobbies Garden Centres following the acquisition by Tesco of a 66% stake in the 22-strong chain.
 |
| Dobbies, Milton Keynes |
Lucy Neville-Rolfe, executive director for corporate and legal affairs at Tesco, has been appointed non-executive chairman of Dobbies.
Jonathan Lloyd, company secretary of Tesco, and Eamonn O'Hare, UK finance director, have become non-executive directors.
James Barnes, chief executive, said: “Our strategy for the future remains unchanged - to position Dobbies as the leading garden and homes retailer in the UK and to develop the horticultural and environmental aspects of our brand that reinforce our position as first choice for plants and gardening.
“Our ambition is to raise the growth rate of the business in the coming years, through new site developments, by acquisitions as and when appropriate, and via our new internet business.”
Dobbies turned over £69m in 2006 and made pre-tax profits of £5.4m.
Tesco had been hoping to acquire enough shares to delist Dobbies from the Stock Exchange, but its move was blocked by entrepreneur Sir Tom Hunter, who held on to his 30% stake.
Email this to a friend
Media House, Azalea Drive, Swanley, Kent. BR8 8HY | Tel: +44 (0) 1322 660070 | Email: info@TalkingRetail.com
Want more stories delivered to your inbox?
