EG Group has announced that as part of its recent executive leadership transition, newly appointed CEO Russel Colaco will assume direct responsibility of EG America.
As a result, John Carey will return to the U.K. and transition to a group senior adviser role, supporting Colaco as he takes on executive leadership of the business. Carey will be retiring from the board and EG Group expects to continue to strengthen the board with further appointments over time.
“We are very grateful to John who has done a great job over the last 18 months in driving the performance and strategic positioning of our U.S. operations, the group’s largest market by sales,” said Colaco. “As I transition into the CEO role, I am pleased that John will be supporting me across the entire business. EG Group is well-positioned for further success, and I look forward to delivering on our attractive growth opportunities and a strong financial performance moving forward.”
“John has made a valuable contribution to the business both as a non-executive and latterly as an executive director of the business,” said Stuart Rose, chairman of EG Group. “We thank him for his contribution and also the important role he will play supporting Russ as he transitions into the CEO role.”
Today, EG Group is the third-largest independent convenience retail chain globally, the fifth in the U.S., and second in Continental Europe and Australia. With a diversified portfolio across three continents, the business continues to progress its proven strategy to roll out foodservice, grocery and merchandise to create multi-purpose convenience retail sites across its international network.
