Pets at Home has announced that Peter Pritchard has decided to step down as chief executive after eleven years with the business.
He will remain in post until May 2022 to oversee the presentation of the group’s 2022 preliminary results and to ensure a smooth transition to his successor.
Pets at Home said a search for his replacement has already begun and will include both internal and external candidates.
During his four years as chief executive, Pritchard has been credited with a significant transformation of the business in which its market capitalisation has increased almost fourfold. This has been helped by major investments in capacity and capability through which the company has built an award-winning VIP loyalty club of more than 6.5 million members and invested £20 million in building a proprietary digital interface.
The company is also planning to open a purpose-built, highly automated warehouse in Stafford in 2023 and is developing a new pet care centre format.
