WKD and Shloer owner SHS Group has named Asda executive Paul Gillow as the next CEO of the UK-based drinks company.
Arthur Richmond, who has spent more than two decades at SHS Group, including the last year-and-a-half as CEO, is stepping down next year.
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Richmond, who has also been SHS Group’s finance director, will take a seat on the company’s board “overseeing key project-based initiatives”, the Bottle Green owner said in a statement.
Gillow has spent 20 years at Asda, starting at the UK retailer as a store department manager. He has been the grocer’s commercial director for food since September last year.
SHS Group chair Karen Salters said: “Arthur has been a driving force behind our success. We are delighted that he will continue contributing in a non-executive role, helping to steer the future direction of the business.
She added: “Paul is a perfect cultural fit for SHS. His blend of industry expertise and focus on people aligns with our values, and I am confident that he will play a pivotal role as we embark on our next chapter of growth.”
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By GlobalDataEarlier this month, SHS Group filed its accounts at Companies House for the year to 29 December 2023.
The company’s turnover rose 3.5% to £664.8m ($863.1m).
Operating profit reached £19.3m, against £15.6m the year previous.
Profit for the period after taxation and non-controlling interests amounted to £12.8m, versus £11.2m a year earlier.
Reflecting on his move on from the role of SHS Group CEO, Richmond said: “It has been a privilege to be part of the group through the various stages of growth and transformation. I have had the opportunity to work with incredibly talented people and I am extremely proud of what we have achieved together.
“While I am stepping back from full-time duties, I look forward to supporting the business in a new capacity as we enter the next phase of our development.”
Gillow added: “I am delighted to join SHS and work with such a dynamic group to drive future progress and foster a culture that prioritises people and innovation.”
