Midcounties Co-op has appointed a new chief financial officer Peter Kelly, who previously served as head of finance at the independent retailer’s regional arm.
Kelly, who has been with the Society since 2019 has also acted as interim CFO since December 2021.
His new role will see him support Midcounties’ Group Chief Executive Phil Ponsonby by providing secure financial foundations for the Society’s growth in 2022 and beyond.
“I am delighted that Peter is joining our Executive team at such an exciting time as we look to grow the organisation through investment and partnerships,” Midcounties Co-op CEO Phil Ponsonby said.
“I know that Peter shares the Board’s ambition to make a positive difference across the communities in which we trade and to play a key role in transforming the Society to meet the needs of a changing world and for future generations.”
Currently, the midcounties have already announced plans to invest over £5 million in opening ten new food stores next year.
The investment plan also includes three new nurseries with a total investment of almost £2 million, which hopes to double the size of the Society’s nursey portfoli over the next five years.
Additional investment plans will also see significant transformation in its travel business and further developments in digital propositions in healthcare and utility services.
Prior to joining midcounties Co-op, Kelly held senior positions at various retailers including Halfords, Monsoon and Dunelm.
Kelly will be replacing Peter Dubois, who left the position in May after 26 year serving for the Co-op.
Kelly added: “I am excited to be joining the Executive team at this stage and relish being part of our ambitious growth plans. I joined the Society in 2019 and have worked with everyone to face into the unprecedented challenges presented.”
“I hope that, looking forward, we can thrive and deliver even more for our members and communities. I would like to thank Peter Dubois for giving me the opportunity here at Midcounties and for his continued support.”