Chief executive retires
Wholesaler Nisa Today's revealed a major board restructuring, following their Annual General Meeting (AGM).

The wholesale and symbol group intends to increase member representation on the board to reflect the diverse interests of the group.

The wholesaler has called an Extraordinary General Meeting (EGM) for early next year to discuss the proposed management changes.

The AGM also marked the retirement of Nisa Today's founder and chief executive Dudley Ramsden. Members from the floor thanked Dudley and his co-founder Peter Garvin for their contribution to the business.

Ramsden will remain as life president of the group, performing an ambassadorial role in the future.

Nisa Today's is one of Europe's leading buying groups, with its standalone central division having reached a turnover of£1 billion.

However, a troubled£200 million merger with rival convenience chain Costcutter was formally declared dead late October, after bankers effectively called it off.

The collapse of the proposed tie-up followed the deal's bankers getting cold feet amid allegations that Nisa Today's and Costcutter were acting like a cartel.