Halfords chairman resigns

News

BikeBiz Staff Aug 19 2008, 4:52pm

Richard Pym has resigned as chairman of Halfords to join the board of Bradford & Bingley.

In a statement issued today, Halfords confirmed that Pym will officially leave the company on August 22nd, with senior independent director Nigel Wilson taking the role of acting chairman while its board searches for a replacement.

Wilson is also deputy chief executive and chief financial officer at publisher United Business Media. He joined the Halfords board as a non-executive director in May 2004 and was appointed senior independent director on April 1st 2006.

Commenting on the Pym resignation, Wilson said: "Halfords has benefited from Richard's experience, insight and support over the past two and a half years as Chairman and before that as Senior Independent Director.

"During his tenure, Halfords has continued to grow its core UK operations and, in its centenary year, took the first steps to expand its unique customer franchise overseas.

On behalf of the Board, I would like to thank Richard for his commitment and contribution and wish him well for the future. "

Pym added: "Halfords has great people, a strong board, and a very capable new Chief Executive. I am sorry that my new commitments mean I am unable to continue my role at the company, but I am confident that the strength of the Halfords customer proposition will ensure its continued success."

In June Halfords reported profit before tax and exceptional items of £90.2m for the year to March 28th, up from £83.5m the year before.