08 May 2008


Print	Email

Nisa-Today's appoints new non-executive chairman

Independent

Nisa-Today's

Related stories

Nisa-Today's opens flagship Nisa Extra
26 Nov 2007

Nisa-Today's appoints first independent non-execs
05 Nov 2007

Nisa-Today's disowns NMA after row over Costcutter merger
09 May 2007

Symbol group Nisa-Today's has announced that Mark Pullen, independent non-executive director of Nisa-Today's Holdings Board, has been appointed as non-executive chairman.

Mark Pullen

He replaces Raj Chatha, who became chairman of the Board in May 2007.

The company said: “At the time of becoming chairman, it was agreed that Raj would chair the company for one year whilst Nisa-Today’s was undergoing an important transition period and developing a number of new strategies and business objectives.

“This period has now been successfully completed.”

Nisa-Today’s said it had achieved “considerable success” in the time of Chatha’s chairmanship including:

• Achieving record sales of more than £1.1bn and industry-leading sales growth

• Considerable improvement in corporate governance and business planning

• New strategies to improve the group’s supply chain capability, including plans to expand into southern Ireland

• Investment in Nisa-Today’s own EPoS solution, launched in April 2008;

• Winning the Symbol/Fascia Group of the Year award in the 2007 Retail Industry Awards

• Increase in rebates to members

Chatha said: “It has been a fantastic year for Nisa-Today’s and I am very proud of what we have achieved. The group has an excellent executive team that both I and the board rate very highly and has my full support for the future.

“I wish the management team and the new chairman Mark Pullen the very best and now look forward to concentrating fully on my own business commitments.”

Neil Turton, chief executive officer of Nisa-Today’s added: “When Raj became chairman, it was always the intention that he would serve for one year to help the company through a period of change.

“In the last 12 months, Raj has provided strong leadership and served the members of the company extremely well. He has spent a great deal of time working with the team at Nisa-Today’s to deliver a much improved business and made considerable sacrifices in his own business and family life to do so.

“It was always the board’s aim that the company would seek an independent chair at the end of Raj’s term of office and the board now believes that Nisa-Today’s is in a strong position for the future as Raj hands over to Mark Pullen.

“Raj has been an excellent chairman and that the fact that the board gave Raj two spontaneous rounds of applause at the board meeting this week, I think, speaks volumes.”

Pullen has worked in the consumer goods industry for more than 30 years. Most recently, he was group finance director for Geest PLC.

He has also worked with Unilever and Guinness.


HAVE YOUR SAY
Click on the button to include your comments on this story