Managing director Jerry Marwood plans to leave the company in the summer of 2011

Managing director Jerry Marwood plans to leave the company in the summer of 2011

Spar UK confirmed today (17 November) that its managing director Jerry Marwood plans to leave the company in the summer of 2011.

The grocery retailer has appointed a search company to seek a successor for Marwood, and it said an announcement will be made when the appointment has taken place.

Spar spokesperson Peter Blakemore said: "Jerry has a desire to move on to seek new challenges and we have been working with him to map out a process which would ensure a smooth transition."

Commenting on the move Marwood said: "I still have a number of exciting business initiatives to implement, a replacement to find and a hand over to complete all of which will take some time. Until then it's business as usual."