Boardroom shake-up at Booker
Monday 21 September 1998
The move will include the departure of chairman Jonathan Taylor (pictured below) and the appointment of a new chief executive from outside the group. Booker has a shortlist of two candidates for the chief executive's post, but has yet to make a decision on the appointment.
The move comes amid suggestions that other bidders, including financial buyers, may be preparing to launch a bid for Booker. The company's shares last week fell to a new 12-month low of 107p as it called off merger talks with the convenience story group Budgens. Earlier Booker failed to agree a deal with the supermarket group Somerfield.
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