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Halfords CEO Matt Davies steps down to join Tesco

Halfords has announced that its chief executive Matt Davies will be stepping down to take up the position of UK and ROI chief executive at Tesco.

GENERAL MERCHANDISE

Halfords CEO Matt Davies steps down to join Tesco

Halfords has announced that its chief executive Matt Davies will be stepping down to take up the position of UK and ROI chief executive at Tesco.

Davies will remain in post until the end of May 2015 while the Halfords board seeks a successor.  

Commenting on behalf of the board, Dennis Millard said: "We would like to thank Matt for his outstanding contribution to the business. Our Getting Into Gear Strategy is well underway and we have set a clear direction, built significant momentum across the organisation and are making good progress. Halfords is a strong business with leading positions in a number of large and attractive retail and service markets, led by an excellent and well established management team."

Davies has been chief executive of Halfords since 2012. Prior to that he was chief executive of Pets at Home for eight years after initially joining the business as finance director in 2001.

Davies said: "My decision to leave has been very difficult. I have really enjoyed my time at Halfords, working with a great team of people across the business, helping to create and deliver a clear service-focused strategy. I am fully committed to driving the business over the next few months before I depart, as we continue to implement the Getting Into Gear Strategy."

The retailer also said that trading for the 13 weeks ended 26 December 2014 had continued to be strong and was in line with management's expectations. Halfords will issue a full trading update for the 15 weeks to 9 January 2015 on 21 January.

 

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