Holland & Barrett chairman Alex Gourlay is stepping down from his role after three years at the helm.
Over the past three years, Gourlay has helped lead the high street health retailer through a significant period of transformation, which has resulted in three consecutive years of double-digit growth.
In that time, Holland & Barrett said it has been “strengthening its foundations, modernising its store estate, investing in digital and technology, and evolving its product and wellness proposition.”
The retailer is also close to completing a major investment programme across stores, supply chain, and digital, to ensure it has long-term growth.
Lord Mervyn Davies, chairman of LetterOne, which owns Holland & Barrett, will replace Gourlay as chairman at the retailer.
He has extensive board-level experience across retail and major listed companies, and will also continue to be chairman at LetterOne.
Holland & Barrett group chief executive officer Antony Houghton said: “Holland & Barrett is entering its next phase from a position of real strength, with the foundations now in place to scale growth and deliver the full benefit of our investments. Alex has played an important role in guiding that journey, and I’ve personally valued his support and leadership.
“As we move into this next phase, we do so with real confidence. We have a strong team, a clear strategy, and a business that is better positioned than ever to support our customers’ health and wellbeing. I’m looking forward to working closely with Mervyn as chair as we build on that momentum and continue to grow Holland & Barrett in the UK and internationally.”
Gourlay added: “It’s been a privilege to work with colleagues across Holland & Barrett. I’m incredibly proud of what we’ve achieved over the past three years, building stronger foundations for the future while staying true to our purpose of helping people add quality years to life.
“I’m particularly proud of the strength of the leadership team we have in place. Anthony has done an outstanding job in stepping into the chief executive role and is well positioned to lead the business through its next phase. I’m delighted that Mervyn is taking on the role of chair, and I look forward to seeing the business continue to grow and succeed.”
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