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Every little helps! Countrywide hires new COO from Tesco

Bruce Marsh was until last week part of the team that helped Tesco boss Dave Lewis turn the once ailing retailer around.

Nigel Lewis

Countrywide has appointed a new Chief Operating Officer in the form of Bruce Marsh, a Tesco executive with a track record before that in DIY.

At Tesco he has been its UK and Ireland Finance Director since July 2015. Before that he worked for seven years at Kingfisher Future Homes, the owner of DIY giant B&Q.

Marsh is to report to Group Managing Director Paul Creffield and also serve as an executive director on the Countrywide board.

The company has also indicated that the appointment is part of a plan to bring in fresh blood as part of its ‘succession planning’ strategy, which industry commentators have suggested is part of a plan that will see the current senior management team make way.

This is likely to be part of a strategy to placate its weary shareholders, who are still waiting for a significant turnaround in the business.

Peter Long, Countrywide, image“Bruce brings valuable management experience and a proven track record that will assist the Company’s turnaround strategy, and his appointment will complement and strengthen the executive team both now and for the future,” says Executive Chairman Peter Long (left).

Bruce Marsh, whose leaves Tesco alongside his boss Dave Lewis last week, says: “I am excited to join Countrywide and to help them with the next stage of their strategy.

“I’ve thoroughly enjoyed working with the excellent leadership team at Tesco and am proud of the progress we’ve made over the last four years.”

Read more about Countrywide.

 

 

October 8, 2019

One comment

  1. As a past employee, I genuinely hope that Countrywide survives, and I am sure that Bruce’s professional background in the property sector will serve him and Countrywide well.

    Thank goodness they have not appointed someone like the long departed Alison Platt whose background was anything but estate agency, and who oversaw in her 4-years a 89% drop in the company’s share price. Regarding any connection to Bruce, I do not think there is one, apart from Alison being or was a non-executive director of Tesco’s.

    At least with the current share price at 3.9p, no-one can really harm the present fortunes of the company. And in fairness to Bruce and Dave Lewis who steps down from Tesco next year, the company accounts at Tesco are in much better shape than they were a few years ago – but of course at the cost of cutting jobs and remodelling the business.

    The difference between Tesco and the Behemoth of Countrywide, is that Tesco when turning its fortunes around was in the top three of retailers in the world, Countrywide sadly does not have the same pedigree – and the clock is ticking.

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