Pets at Home CEO to step down
After eleven years in the business and four years as CEO, Peter Pritchard has agreed with the board to step down from his role next summer.
Pritchard has led a successful turnaround of the retailer. The business is now performing wonderfully, with a growing market share and a market capitalization that has increased almost fourfold.
He will remain engaged in his role until late May 2022. The search for his successor has started.
Ian Burke, Chairman of Pets at Home, said:
“On behalf of the Board and colleagues across the Group, I would like to thank Peter for his significant contribution to Pets at Home since becoming CEO in 2018. His tireless work and dedication as leader of this great business has given it a very firm foundation for growth long into the future, for which we are all very grateful. We will all be very sorry to see Peter go, and he will leave us next summer with all our best wishes.”
Peter Pritchard said:
“I have loved my time at Pets at Home. It is a privilege to lead such a talented and passionate group of colleagues on this journey and I am incredibly proud of the results we have collectively achieved. Having completed everything that I set out to achieve in 2018, next summer is the right time to take well-earned rest and to hand over the reins to a new leader who will continue this journey in becoming the Best Petcare Business in the World. I would like to thank the Board for their support, and I look forward to maintaining the strong momentum in the business through the next few months and working with them to find and appoint a suitable successor.”