Business
Directorate Change & Trading Update
Directorate Change & Trading Update.
About this update from Pets At Home Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1305R\n Pets At Home Group Plc\n 03 November 2021\n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE, 03 November 2021\n \n \n Pets at Home Group Plc: Directorate Change & Trading Update\n \n \n \n Chief Executive Officer to step down post successful turnaround\n \n \n \n \n \n Pets at Home Group Plc, the UK's leading pet care business, announces that Peter Pritchard has, after eleven years in the business, agreed with the Board that he intends to step down from his role as Chief Executive Officer and director of the Company next summer. \n \n \n \n \n \n This follows the successful turnaround of the business, in which he developed and implemented the Group's pet care strategy, in support of its ambition to become the Best Petcare Business in the World. \n \n \n \n \n \n Peter will remain fully engaged in his role as Chief Executive Officer until late May 2022, to oversee the presentation of the Group's 2022 preliminary results to investors and to ensure a smooth transition period to his successor. The search for his suitable successor has commenced across internal and external candidates, and a further announcement will be made in due course.\n \n \n \n \n \n Becoming the Best Petcare Business in the World\n \n \n \n \n \n Pets at Home is thriving under Peter's leadership. In the four years since his appointment as CEO, its share of the pet care market has grown significantly and its market capitalisation has increased almost fourfold, with the exceptional progress being made recognised externally through numerous awards including Transformation of the Year (PLC Awards 2020) and Best Place to Work and Best Retailer (Retail Week Awards 2021). \n \n \n \n \n \n His strategy to leverage the Group's capabilities, bringing together joint venture veterinary services, grooming, product, multi-channel, and subscriptions has transformed the business into the UK's market leading omnichannel pet care provider focused on serving the needs of the pet owner. \n \n \n \n \n \n Underpinning this turnaround and Pets at Home's future growth has been strong investment in capacity and capability, creating a best-in-class data capability around an award-winning VIP loyalty club of more than 6.5m active members and, more recently, the £20m investment into buildi...