// McColl’s COO Dave Thomas poised to retire
// He has been with McColl’s for more than 20 years
// Thomas first joined McColl’s in 1998 as a regional manager for convenience
McColl’s chief operating officer Dave Thomas is reportedly going to announced his retirement after working for the convenience grocery chain for more than 20 years.
According to Retail Week, McColl’s will issue a note to shareholders confirming Thomas’ departure today.
Thomas will also reportedly stay on with the retailer as a consultant until at least April or May.
Thomas first joined McColl’s in 1998 as a regional manager for convenience.
He worked his way up to operations manager in 2000 and then operations director in 2005.
He also managed the acquisition of 298 former Co-op stores into the McColl’s estate in 2017.
Thomas’ impending retirement comes after McColl’s endured a difficult year, which included flat like-for-likes, a 1.9 per cent dip in total sales and a 38 per cent drop in shares over the last year.
The retailer also said its earnings before tax and interest for the financial year ending November 24 were expected to be £32 million, which it said was “marginally below expectations”.