Sunday, December 17, 2017

Pets at Home strengthens board amid IPO

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Pet retailer Pets at Home has hired former Britvic chief executive Paul Moody as a non-executive director as it floated on the stock market last week.

Moody, who has been with soft drinks company Britvic for 17 years, including the last eight as CEO, led the firms successful £537m IPO in 2005. He is currently the chief executive of Food Freshness Technologies and spent six years at Pedigree Petfoods between 1988- 1995 and will take up the role of non-executive chairman in May.

Around 2,700 Pets At Home employees have bought shares in the business so far, which is valued at £1.23bn.

Pets at Home chairman Tony DeNunzio said: “Paul‘s background and extensive experience and understanding of brand, marketing and consumer dynamics will be particularly useful as we continue to expand and grow Pets at Home. He has a strong track record in consumer-facing industries and will be a valuable addition to our Board following our successful IPO.”