Netherton to quit as Chairman of Greggs next year
Derek Netherton, Chairman of pasty vendor Greggs, has decided not to seek re-election to the board at the next annual general meeting, currently scheduled for May of next year.
Derek Netherton, Chairman of pasty vendor Greggs, has decided not to seek re-election to the board at the next annual general meeting, currently scheduled for May of next year.
He will be succeeded as Chairman by Ian Durant, currently an independent non-executive director on the Greggs board. Durant is already Chairman of property developer Capital and Counties Properties, and is a non-executive director of brewer and pubs owner Greene King and Argos-owner Home Retail Group.
Netherton has been in the chair at Greggs for more than 10 years.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
JH
-
Ticket scam warning ahead of major summer events
A total of £6.7 million was lost to ticket scams last year. With the Taylor Swift Eras tour and Glastonbury Festival coming up, we explain how to stay safe when buying tickets
By Oojal Dhanjal Published
-
GDP: UK economy exits recession
The latest GDP figures reveal the UK economy grew by 0.6% in the first three months of the year, officially exiting recession. We look at what households and investors can expect next.
By Katie Williams Published
-
Company of the week: Greggs
Features High-street bakers Greggs faces serious challenges, says Phil Oakley.
By Phil Oakley Published
-
Should you buy shares in Greggs?
Features The fallout from the government's proposed 'pasty tax' has left bakery chain Greggs under a cloud of uncertainty, with its share price depressed. Phil Oakley asks if the shares are still a buy, or if Greggs is now one to avoid.
By Phil Oakley Published