Pets at Home Group announced on Monday that Group CEO Ian Kellett will resign from his position “to step away from corporate life and pursue his own personal business interests.” Peter Pritchard, the current CEO of Retail, will take his place. Kellett will remain with the business till May 31, 2018 to ensure a smooth transition.
Pritchard joined Pets at Home in 2011 as Commercial Director and assumed the role of CEO, Retail in 2015. He has worked in retail for 30 years contributing to Asda, Sainsbury’s and M&S. At Pets at Home, Peter oversaw the establishment of the Pets at Home sourcing office in China and the recent repositioning of their merchandise business.
Chairman, Tony DeNunzio, said, ” Ian and Peter will continue to work closely over the next six months through which there will be an orderly handover process. Peter has steered the retail business and has been responsible for the launch of some highly successful initiatives. I am confident he will provide strong leadership.”
“Actions we have taken this year to reposition retail pricing have landed well, and we have a clearly defined plan that will deliver further results,” Kellett said. “It is with this in mind that I feel able to move on and pursue my own personal business interests, who will provide me with a different type of challenge at this point in my career,” he said.
Pets at Home Group also announced Nicolas Gheysens, Non-Executive Director of the Board, will resign and step down effective immediately. The Group’s Principal Shareholder, KKR My Best Friend Limited, has decided not to exercise its right to replace Gheysens’ position.