// Carpetright CEO Wilf Walsh now chairman at parent company Nestware
// He will remain CEO of Carpetright until a successor is found
Carpetright chief executive Wilf Walsh has been promoted to the role of chairman at the flooring retailer’s parent company Nestware.
His remit will be to oversee Carpetright, Flooring Supplies, Flooring Megastore Carpet & Flooring, the recently-acquired Carpet & Flooring, and any future acquisitions undertaken by Nestware.
Walsh, who has been chief executive of Carpetright for seven years, will continue on until a suitable successor has been found.
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Carpetright has been under the ownership of Nestware, a Meditor subsidiary, for just over a year.
The firm took control of the flooring retailer after agreeing to acquire it for about £15.2 million, or 5 pence per share, in a deal that took Carpetright private.
Prior to Nestware’s takeover, Carpetright had traded on the stock market for 26 years.