// Pepco hires ex-Tesco International CEO Trevor Masters as MD
// Masters will replace Rob Taylor
// The company changed its name in late September from Pepkor Europe to Pepco Group
Pepco has appointed the former chief executive of Tesco International, Trevor Masters, as new managing director.
Masters was the head of Tesco‘s international arm until March 2017, when he announced his departure from the Big 4 leader following a 38-year career.
He will be based in Poland and will replace Rob Taylor in his new role at Pepco.
- Poundland owner undergoes rename & keeps float or sale possibility open
- Poundland owner Pepkor in talks over sale or float for September
- Steinhoff CEO says “the only way to survive” is to sell assets
“I am confident that his deep retail experience gained in numerous international markets will only serve to further strengthen Pepco’s market leading position in central Europe,” Pepco group chief executive Andy Bond said.
Masters said: “Pepco is by any measure already a large, fast growing and financially strong business built upon its constant focus on delivering exceptional value for its customers every day.
“I look forward to working alongside the team across Europe and am excited by the future growth potential for the brand as clearly illustrated by the business’ ambition to open Pepco’s 2000th store during my first year in role.”
Pepco is the biggest trading brand of Pepco Group, which also runs the Dealz chain as well as Poundland in the UK.
The company which changed its name in late September from Pepkor Europe to Pepco Group, said the rename had “nothing to do” with immediate IPO plans.