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".
Olympic diver has made his modelling debut for Adidas
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe in bikinis
- 2 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Revealed after 75 years of secrecy: 'Fifi' the glamorous WW2 special agent who tested British spies' resolve
- 5 Hitler’s food taster reveals the horrors of the Wolf’s Lair
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe in bikinis
Scottish independence: Final opinion polls show undecided voters could swing the result either way
Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
Hitler’s food taster reveals the horrors of the Wolf’s Lair
Alan Henning: British Muslim leaders unite to call on Isis to release hostage
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...