Former B&Q chief executive takes top role at hardware retailer
Rob Cissell (pictured) will take over as chief executive of Robert Dyas on October 1. The former B&Q chief executive replaces Alan Smith, who will become chairman.
The switch is in line with a planned strategy of succession at the retailer, which was agreed at the time of its acquisition. Change Capital Partners bought Robert Dyas in March last year for£61 million.
'With Alan as chairman we have a strong team well positioned to produce further growth,' said Roger Holmes, managing director of Change Capital Partners.
Change Capital Partners is an independent, privately owned private equity firm, focusing on mid-market deals throughout Western Europe. Luc Vandevelde, chairman of Carrefour and former chairman of Marks & Spencer, created the firm in January 2003.
No comments yet