James Lancaster, Chief Exec of convenience chain McColl’s, has announced his plans to step down after 20 years of service. He will continue in the role until a replacement is found.
Once officially retiring from the position, Lancaster will take the post of the retailer’s Non-Executive Chairman.
In a statement, the retailer said that the board had asked Lancaster to take the new role and that he had agreed to serve in this position until the Annual General Meeting in April 2017.
"I have led the business through two MBOs, numerous acquisitions and in 2014 a successful IPO, since when we have accelerated our convenience development strategy and made tremendous progress on introducing food to go” said Lancaster.
“With our goal of 1000 convenience stores now well in sight, I believe the time is right for me to step down as chief executive. I am delighted to take on the role of non-executive chairman and I look forward to working with the new CEO in due course, and to developing other business opportunities."
Sharon Brown will continue as interim Chairwoman until Lancaster’s successor is found. In addition, the board are also considering the appointment of another independent non-executive director to support McColl’s expansion.