Jollyes’ Joe Wykes promoted to CEO
The current COO will lead the British pet retailer in the process of an “ambition” expansion.
Wykes joined Jollyes as chief operating officer in July 2021 and has played a key role in its recent expansion through new store openings, acquisitions, online investment and the extension of its distribution and logistics.
Prior to joining Jollyes, Joe served two years as COO at bed retailer Benson for Beds and held senior roles in finance and operations in a number of private equity-backed retail businesses.
The company plans to open 20 new stores in the next 12 months and reach an annual turnover of £100 million (€116M / €122M) in 2022.
“I am confident that in Joe we have a CEO who has the energy, drive, passion and commitment to deliver our strategic objectives – and, just as importantly, someone from inside our business who knows and understands what we stand for,” said Jollyes’ executive chairman Richard Cotter.
Richard Cotter will continue as executive chairman of Jollyes and over the next few months transition back to the role of non-executive chair he assumed when first joining Jollyes in 2018.
In the half-year to 30 November 2021, the company’s revenue increased to £42 million (€50M, $56.6M), a 12.5% rise against the previous year. In the same period of 2019, it posted £29.4 million (€35M, $39.6M).