Rod Addy
Somerfield group finance director Martin Gatto is resigning as a director next week after nine years working for the multiple.
Somerfield has recruited Budgens' group finance director Steven Back to replace him.
Gatto worked alongside former chief executive David Simons in the mid to late 1990s, steering the company through the conversion of its Gateway stores and the integration of Kwik Save. Gatto, who then oversaw Somerfield's finances, also took over Kwik Save's financial operations after it merged with the multiple in 1998.
He later added of 24-7, Somerfield's home delivery service, to his brief when he became MD. Although he left briefly during a turbulent period in 1999-2000, he returned as chairman of the home service division when Alan Smith replaced Simons as Somerfield chief executive. However, 24-7 folded in June 2000.
Back's departure from Budgens comes in the wake of its takeover by Irish distribution giant Musgraves in August.
He will join Somerfield on November 4. Gatto will remain at the company for a transition period lasting until the end of December to ease Back's entry into the business.
Somerfield's executive chairman John von Spreckelsen, the former chief executive of Budgens, said: "I am delighted to announce Steven Back's appointment. He has a reputation as an excellent, hands-on operator whose commercial experience will contribute significantly to the company's recovery programme."
{{JOBS & CAREERS }}
Somerfield group finance director Martin Gatto is resigning as a director next week after nine years working for the multiple.
Somerfield has recruited Budgens' group finance director Steven Back to replace him.
Gatto worked alongside former chief executive David Simons in the mid to late 1990s, steering the company through the conversion of its Gateway stores and the integration of Kwik Save. Gatto, who then oversaw Somerfield's finances, also took over Kwik Save's financial operations after it merged with the multiple in 1998.
He later added of 24-7, Somerfield's home delivery service, to his brief when he became MD. Although he left briefly during a turbulent period in 1999-2000, he returned as chairman of the home service division when Alan Smith replaced Simons as Somerfield chief executive. However, 24-7 folded in June 2000.
Back's departure from Budgens comes in the wake of its takeover by Irish distribution giant Musgraves in August.
He will join Somerfield on November 4. Gatto will remain at the company for a transition period lasting until the end of December to ease Back's entry into the business.
Somerfield's executive chairman John von Spreckelsen, the former chief executive of Budgens, said: "I am delighted to announce Steven Back's appointment. He has a reputation as an excellent, hands-on operator whose commercial experience will contribute significantly to the company's recovery programme."
{{JOBS & CAREERS }}
No comments yet