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Co-operative Food boosts its acquisitions team

The Co-operative Food has appointed Kris Nayak as head of business acquisitions and strategy: food.

GENERAL MERCHANDISE

Co-operative Food boosts its acquisitions team

Having spent 20 years working in M&A, strategy and innovation, Nayak has joined The Co-operative from Astra Zeneca’s strategy and innovation team.

In his new role, Nayak will report to head of portfolio strategy acquisitions and disposals Stuart Hookins and will focus on driving business acquisitions, large portfolio acquisitions and developing new creative ways to grow the food business. He will also be responsible for strategic alliances, partnerships and single site acquisitions.

Hookins said: “As the team looks at new and innovative approaches to store acquisitions, Kris will play a vital role in driving The Co-operative’s programme going forward. His experience, knowledge and passion will be a huge asset to the business, and Kris is very much looking forward to establishing the strategic partnerships that will bolster the acquisitions programme.”

The Co-operative has announced plans to open over 100 new stores in 2014, with an emphasis on high street and local community locations particularly in London and the South East.

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