McColl’s co-founder James Lancaster has stepped down from the board with immediate effect.

Lancaster was a non-executive director at McColl’s, the convenience chain that he co-founded more than 40 years ago after relinquishing the chief executive post in 2015.

McColl’s chairman Angus Porter said: ” I want to thank James for his enormous contribution to McColl’s over the years. Under his direction and guidance, he has helped grow McColl’s into one of the largest independent neighbourhood retailers in the UK. We wish him all the best with his future endeavours.”

Lancaster, said: “I am extremely proud of the business I co-founded over 40 years ago, but it is now the right time for me to stand down.

I have every confidence that under the stewardship of the board, and in the capable hands of Jonathan Miller and his superb management team, McColl’s will continue to thrive. I wish the group all the best for the future.”