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Investing.com -- British supermarket group Waitrose announced on Thursday that its managing director James Bailey will leave the company at the end of September.
Bailey, who has led the upmarket grocer since 2020, guided the business through both the pandemic and the cost of living crisis. The company, which holds a 4.4% share of Britain’s grocery market, did not provide a reason for his departure.
"This feels like the right time to hand over the reins," Bailey said in a statement.
Jason Tarry, Chairman of the John Lewis (JO:LEWJ) Partnership, which owns Waitrose, expressed regret over the decision: "We will be sad to see James go but understand and respect his decision to step down."
The company named Tina Mitchell, the current retail director, as interim managing director effective September 30, when Bailey officially steps down.
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