Kesa FD goes back to school

Martin Reavley retiring to take up college role
Kesa Electricals has announced that its finance director Martin Reavley is retiring from the business next year to take up a role at his old college.

Reavley has been elected to the post of first bursar by the Fellows of Kings College Cambridge. He will retire from Comet and Darty owner Kesa after its preliminary results at the end of March 2005.
Kesa Electricals’ chairman, David Newlands said: “Although we are sad that Martin has decided to retire from the company, we are delighted for Martin that he has been chosen as first bursar by his old college.
“Martin has made a major contribution to Kesa playing a key role in the demerger from Kingfisher and setting up in a short time the complex financial infrastructure required for a company listed in both London and Paris.
“We have started the process for the appointment of Martin’s successor and the timing means that there will be a smooth handover of responsibilities.”
Reavley said: “Although I am sad to be leaving Kesa, I have always wanted to return to Kings at some point and the offer of becoming First Bursar presents me with an exciting opportunity to participate in the college’s future at a time of great change in higher education in the UK.”