Nick Canning has quit his role as joint managing director at frozen food retailer Iceland after a near 15-year tenure.
An internal memo, Iceland chief executive Malcolm Walker revealed that Canning had resigned last weekend in search of a “fresh challenge”.
Canning joined the grocer in 2003 as people and customers executive director, and has held the position of joint managing director since 2014.
From 2012 he also led Iceland Foods Charitable foundation.
Although a replacement has not yet been announced, Canning leaves as the retailer’s successful revamp boosted its profits by 6.3 per cent in the year to March.
Its strong performance comes amid increasing pressure from rival discounters as well as significant upheaval driven by larger grocery rivals Tesco and Sainsbury‘s.
“We both felt that it was the right time for him to move on and seek a fresh challenge, while he is still young and energetic enough to do so,” Walker’s memo stated.
“I believe that he now intends to take a long break while he decides what to do next.
“Nick remains a good friend and he leaves with our very best wishes for success in whatever direction his future career may take him.”