Higginson recruits former Sainsbury's CFO to Poundland board

by Kevin Reed

More from this author

19 Feb 2014

  • Comments
Darren Shapland

SENIOR FINANCE EXECUTIVE Darren Shapland (pictured) has been drafted in to help Poundland float on the London Stock Exchange.

Appointed as senior independent director along with a raft of other big-ticket appointments, Shapland will bring his experience as Carpetright CFO and CEO, and as Sainsbury's CFO, to the role. The move will see Shapland work alongside former Tesco FD Andy Higginson, Poundland's chairman.

The float, scheduled for March, is aiming to raise £750m and will see up to 25% of its equity placed on the market. The 530-store group posted £880m in revenues for 2012/13, and operates out of 530 stores in the UK and Ireland.

Also joining the board is Trevor Bond, who will chair its audit committee. Bond is president and chief customer officer at Mondelēz International (formerly Kraft Foods, Inc). He has spent most of his career at Cadbury.

Merlin Entertainments HR director Tea Colaianni will chair its remuneration committee. Travelodge CEO Grant Hearn will serve as its executive chairman, also chairing its governance and nominations committee.

Higginson said: "I am delighted to welcome Darren, Trevor, Tea and Grant to the board. That Poundland has attracted non-executive directors of their calibre is a testament to the strength of the business. Their combined experience and retail insight will be invaluable to the board. I believe we now have an excellent board to take the company into its next phase as a public company."

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Financial Planning and Performance AnalystCabinet Office-Greater London-Competitive

 
 
 
 
 
 
 
 

 

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.