Former Tesco CEO Sir Terry Leahy has invested £2 million in online delivery management specialist Metapack, it was confirmed today.
Leahy now holds a ten per cent share of the firm as part of a new investment alongside William Currie Group and Artemis, and he will also offer advice to Metapack’s CEO and co-founder Patrick Wall and its Chief Operating Officer Karl Wills.
Metapack manages e-commerce and multichannel delivery systems working with all UK parcel carriers to improve delivery experience, and now works with many of the countries top retailers such as John Lewis, Marks & Spencer and Asos.com.
“For ten years Metapack has been innovating and leading the field to help improve delivery and customer services in the important growth area of e-commerce,” Leahy commented.
“It will extend its services to retailers by providing industry based information on e-commerce trends, delivery standards and even fraud analysis. The company has a great future ahead of it and one day I would like to see it as a leading global player.”
There has been much speculation surrounding Leahy’s next moves following his departure from Tesco in March, even being linked for a time with the previously vacant position of BBC Chairman.
His backing of Metapack will give an added boost to the company which has grown three-fold since 2007 and which is now looking to expand internationally.
Wall added: “We’re now the preferred e-commerce delivery management player in the UK retail sector.
“This new investment, and Sir Terry’s arrival, will give us resources and expertise to capitalise further on our market leadership in Europe and beyond.”