March 23 (Reuters) – Meat retailer Crawshaw Group Plc said on Friday its chief executive officer and chief financial officer would step down, after a challenging start to the financial year.
CEO Noel Collett has informed the board of his intention to step down, but will remain in his role until a replacement is appointed, the company said.
Alan Richardson, the chief financial officer, has also notified his intention to leave the business in early May.
“Trading in the first 6 weeks of the new financial year has been challenging, exacerbated by the recent poor weather, but the factory shop format continues to perform well,” the company said in a statement.
The meat and food-to-go retailer said in January that a softer consumer environment had impacted profitability in its high street shops.
Crawshaw, however, said trading for the year ended January 2018 remained unchanged. (Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Subhranshu Sahu)
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