Pets at Home is delighted to announce the appointment of Nick Wood as Chief Executive. This move follows the decision by current CEO Matt Davies, announced in October 2011, to step down to pursue other opportunities. Matt will remain at Pets at Home until April 24th.
Nick Wood joins Pets at Home from American Golf, the private equity backed speciality retailer. As CEO since 2008, Nick drove the development of American Golf, leading a strong management team and creating Europe’s largest golf retailer with more than 90 stores in the UK and Republic of Ireland and a significant on-line retail business.
Before American Golf, Nick spent ten years with DSG International plc (now Dixons Retail) where he was a member of the Group’s executive committee and held a number of senior management roles including as Managing Director of The Link, the Group’s mobile phone retailer where he oversaw a period of rapid and profitable growth, and as Managing Director of Dixons where he transformed the fortunes of the Group’s flagship retailer.
Commenting on his appointment Nick Wood said:
“Pets at Home has a unique place in the retail landscape, built on a strong identity and a real passion for people and pets. There’s an excellent management team and a real enthusiasm at all levels to achieve great things. I’m delighted to have the opportunity to lead such a talented team and drive the business to the next level”.
Tony DeNunzio, Chairman welcomed Nick’s appointment. He said:
“I am delighted that Nick is joining Pets at Home. His track record speaks for itself. He has excellent experience in speciality retail and in the private equity environment. Nick’s commercial skills will further enhance our strong management team and his leadership will bring fresh impetus to our growth plans. Finally, I would like to thank Matt for his enormous contribution to the success of Pets at Home over the past 10 years. We wish him well in his future career”.
For Further Information:
Maitland 020 7379 5151
Brian Hudspith / Tom Eckersley
Notes to Editors
About Nick Wood
- Nick Wood is married with twin girls.
- The Wood family owns twin Bichon Frise dogs called Oscar and Louis, a hamster called Snuggles and three goldfish
- Educated At Gonville and Caius, College Cambridge:
- BA Hons in Manufacturing Engineering (1988)
- MEng in Manufacturing Engineering (1989)
About Pets at Home
Pets at Home is the UK’s leading specialist retailer of pet food, pet-related products and accessories; it also sells fish and small animals. The business was established in 1991 and operates from 300 stores, totalling 2.5m sq ft. with 5,200 colleagues.
In addition to the retail outlets, Pets at Home currently operates 80 in-store veterinary surgeries on a joint venture basis under the brand name Companion Care.
In the 53 weeks ended 31 March 2011 the company achieved turnover of £517.8m and EBITDA of £93m.
Pets at Home was the subject of a KKR-backed buyout in 2010.
Date: 02 March 2012