Two senior executives have left their roles at the 1,300 store TM Group and been replaced by internal promotions.
TM Retail managing director David Saunders has stepped down from his role as MD due to ill health, but will retain a seat on the board.
Group chairman James Lancaster said: “David will remain on the TM Group board and will now focus on assisting me in the development of the business”.
Saunders joined TM in January 1999, shortly after it bought Martins, creating a chain of 1,300 c-store and CTNs under the Forbuoys, McColls and Martins fascias.
Over the past 18 months the venture capital groups which own TM have tried to sell the group, but they appeared to signal an end to that strategy in August when TM purchased 181 Dillons CTN stores from Tesco.
Saunders was previously managing director of Alldays, but left in October 1998 after chief executive Colin Glass restructured the business and took over direct control.
Saunders will be succeeded by Steve Wilkinson, who was managing director of the newsagents business, and has stepped up to become the new TM Retail MD.
Russell Cox, group finance director will be leaving the business and his role will be taken by Jonathan Miller who has been with the company since 1991 and was previously finance director of TM Retail.
Lancaster said “I should like to thank David and Russell for the considerable contributions that they have made to TM Group and to wish Steve and Jonathan every success in their new roles”.
TM Retail managing director David Saunders has stepped down from his role as MD due to ill health, but will retain a seat on the board.
Group chairman James Lancaster said: “David will remain on the TM Group board and will now focus on assisting me in the development of the business”.
Saunders joined TM in January 1999, shortly after it bought Martins, creating a chain of 1,300 c-store and CTNs under the Forbuoys, McColls and Martins fascias.
Over the past 18 months the venture capital groups which own TM have tried to sell the group, but they appeared to signal an end to that strategy in August when TM purchased 181 Dillons CTN stores from Tesco.
Saunders was previously managing director of Alldays, but left in October 1998 after chief executive Colin Glass restructured the business and took over direct control.
Saunders will be succeeded by Steve Wilkinson, who was managing director of the newsagents business, and has stepped up to become the new TM Retail MD.
Russell Cox, group finance director will be leaving the business and his role will be taken by Jonathan Miller who has been with the company since 1991 and was previously finance director of TM Retail.
Lancaster said “I should like to thank David and Russell for the considerable contributions that they have made to TM Group and to wish Steve and Jonathan every success in their new roles”.
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