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McColl’s announces departure of chairman

McCollMcColl’s Retail Group, owner of the Scottish store chain RS McColl, has announced the immediate departure of its chairman.

The company, which floated on the London Stock Exchange in February last year, said John Coleman had informed the board that he would step down from his position with immediate effect “in order to focus on new opportunities”.

Mr Coleman was promoted from deputy chairman in April as founder James Lancaster split the roles of chair and chief executive. Documents published at the time of McColl’s flotation suggested that Lancaster also planned to retire as chief executive within two years, although there has been no further comment and he remains in the post.

Commenting on Mr Coleman’s departure, Mr Lancaster said: “I would like to thank John for all his hard work and everything he has done for McColl’s. John has overseen a period where McColl’s has built strong foundations as a listed company and has made solid progress on the strategic objectives set out at listing.

“We continue to build our position as a leading neighbourhood retailer, investing in convenience conversions and acquiring new stores, allowing us to take advantage of the market in which we operate. We wish John the very best of luck in the future.”

The company said the search for a replacement chairman was in progress and independent non-executive director Sharon Brown will fill the role on an interim basis.

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