Julian Graves has reshuffled its board, as parent Baugur strives to reallocate the workload of senior executives and accelerate growth at the health food chain.
Three directors have resigned and three have been appointed. Baugur chief executive Gunnar Sigurdsson – who has a heavy workload overseeing the Icelandic investor’s retail portfolio – Palmi Haraldsson and Jon Thorsteinsson have left the board. Kevin Lloyd, Petur Halldorsson and Amit Aggarwal have been appointed Julian Graves directors.
Baugur bought an 80 per cent stake in Julian Graves – which was founded by its present boss Nick Shutts and his business partner Nigel Morris in 1987 – for£14.7 million in December 2003.
Julian Graves has 330 stores.
The retailer declined to comment.
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