Former Asda and Royal Mail boss Allan Leighton lured by Pandora's charms
Thursday 18 April 2013
Former Asda and Royal Mail boss Allan Leighton has been named the new chief executive of Danish lucky-charms jeweller Pandora after Puma poached its current boss.
The jeweller, which is in need of better luck after a profit warning in 2011, has appointed Leighton, currently chairman at Pandora, as chief executive to replace Björn Gulden, who will take the top job at sports brand Puma in July. Pandora deputy chairman Marcello Bottoli will become chairman.
Leighton, who recently turned down the Premier League chairmanship, has had a string of top jobs in retail after rising to fame in the 1990s for turning around supermarkets group Asda. He was chairman of clothing chain Peacocks when it went in to administration last year, and is currently chairman of set-top box maker Pace.
Pandora, which has more than 900 stores in 70 countries, reported improved quarterly profit by slashing prices and unpopular products, and its shares had begun to recover this year.
But news of Guldren's departure today hit the share price and it dipped 6% in Copenhagen.
Gulden said: "This has been a very hard decision for me to make. Pandora is a great business which is performing well, but the sports industry has always been a major part of my life, and will allow my family to remain in Germany".
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 4 How the language you speak changes your view of the world
General Election 2015: Fishing is on Nigel Farage's mind as he casts a line to the disaffected of Grimsby
The man who filmed the Freddie Gray video has been arrested at gunpoint
Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
Oxygen-starved 'dead zones' with no marine life up to 100-miles long discovered in the Atlantic Ocean
Russian warships accused of 'chasing away' Swedish vessel to prevent Baltic States from achieving energy independence
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...
£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...
£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...