SPAR UK is searching for a new Managing Director after the symbol group announced the unexpected departure of Louise Hoste.
After four years in the role, she will leave the business tomorrow to pursue “fresh challenges”.
Hoste replaced long-serving MD Debbie Robinson in September 2019, having held senior positions at Card Factory, Co-op, Brakes, Asda, and Walmart.
The convenience group noted that during her time as MD, she has driven all SPAR’s Central Office strategic change activity and was instrumental in the future planning of the business and launching the group’s ‘Joy of Living Locally’ brand positioning.
Nick Bunker, Non-Executive Chair, SPAR Food Distributors, said: “Louise has been a highly valued colleague to the Board of SPAR and to her senior management colleagues, and we thank her for the advice, support, and commitment to the SPAR UK business over these last four years, during which time SPAR has continued to see growth and success. We wish Louise and her family all the very best for the future.”
He added: “A search for a new leader of SPAR UK begins as we remain focused on delivering our long-term strategy, driving profitable growth for our independent retailers, national account customers and suppliers.”
In the interim period, Bunker and the board will oversee the running of the business, supported by the SPAR UK executive team.
Commenting on her departure, Hoste said: “I have thoroughly enjoyed my time at SPAR UK and working with a great team in Harrow. It was an extraordinary experience navigating the business through one of the most challenging moments in convenience retail history. It has been a pleasure to work with SPAR independent retailers and seeing them embrace the new brand positioning.
“With the support of five great shareholder partners, SPAR will continue to lead symbol group retailing well into the future. I am taking the opportunity now to pursue some new challenges.”
NAM Implications:
- Rather than spend time reflecting, pro-active suppliers will focus on working with the temporary uncertainty.
- This is when a clear trade strategy counts…
- …while rivals await a replacement.
