Nick Read to step down as CEO of Nisa Retail

Nick Read, chief executive officer of Nisa Retail has stepped down as CEO
Nick Read, chief executive officer of Nisa Retail has stepped down as CEO

Nick Read has stepped down as the CEO of Nisa Retail. As a result, the Board of Nisa has engaged in a succession planning process, the result of which will be announced in due course.

Read joined Nisa in December 2014 at a very challenging time for the business, with a remit to stabilise and set out a future strategic direction for the company and its members.

He appointed Robin Brown as CFO in May 2015, and had to act quickly to implement a number of tough measures, allowing the business to regain the confidence of a wide range of stakeholders in the business.

Read said: “My time at Nisa has been both challenging and eventful, and I am proud of our collective success in turning the business round.  The return to profitable growth was key to creating the confidence that enabled a sustainable business model for the benefit of all Nisa members. I am grateful for all the support I have received from colleagues and members.”

Nisa chairman Peter Hartley, commented: “We are grateful to Nick for his leadership during a challenging period for Nisa and the wider convenience sector. Nick and his team have brought much needed stability to Nisa, and he will leave the business in a significantly improved financial position.”

Priyanka Jethwa
Priyanka is a journalist for Better Wholesaling and reports on the latest from the industry, keeping wholesalers up to date on the most recent news.