Poundworld CEO resigns

Poundworld creditors

The chief executive of discount retailer Poundworld, Gerry Gray, has stepped down after less than two years in the role.

According to Retail Week, Gray cited personal reasons for his resignation and he has left the retailer with immediate effect

Executive chairman Steve Johnson has reportedly been appointed to act as interim chief executive while the retailer searches for a replacement for Gray.

“Gerry has made a great contribution to the business and has overseen significant progress at the company,” Johnson said.

“We would like to thank him for his leadership and wish him every success in the future.”

Gray was became the boss of Poundworld in March 2016 after taking over from founder Chris Edwards.

Prior to that, Gray’s retail career was mostly with Tesco, where he worked his way up to become chief operating officer.

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