10-10-2011, 10:41 AM
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Pet Forums Senior Member
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Join Date: Feb 2011
Location: Plymouth,devon
Posts: 501
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P@H CEO steps down
Quote:
Pets at Home’s group chief executive, Matt Davies, is to step down from his role in the spring ‘to pursue other opportunities’. He will remain with the business until a successor is found.
Matt, who has been with the company for 10 years, for the past seven as CEO, said: “My time at Pets at Home has been hugely rewarding and enjoyable and it has been a great pleasure to manage such a special business and work with such talented and passionate people. The calibre of the team leaves me in no doubt that the business will continue to go from strength to strength through its next phase of growth.”
Tony DeNunzio, chairman of Pets at Home, commented: “KKR and I would like to thank Matt for his contribution to the company over the past 10 years. Matt has helped build an excellent business, with a very strong management team and an exciting growth strategy. He has been a pleasure to work with.”
For the 53 weeks ending March 31 this year, Pets at Home reported a 10.3 per cent rise in EBITDA to £93m, driven by a 10.7 per cent rise in revenue to £517.8m.
The company says its strategy remains ‘to take its proposition to more people across the UK and further improve the experience customers receive when they shop with us’.
The business was established in 1991 in Cheshire and currently operates from 295 stores, totalling 2.5m sq ft. with 5,200 employees. In addition to the retail outlets, Pets at Home has 80 in-store veterinary surgeries on a joint venture basis under the brand name Companion Care. It was the subject of a KKR-backed buyout in 2010.
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anybody know who KKR are ?
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Also Mummy to: 2 GSD's,2 cats, pond fish, bearded dragon and lots of birdies
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Much better customer service and great prices
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