Timpson CEO James Timpson has resigned from the business to focus on his new role as minster for prisons, parole and probation.
In a statement shared on LinkedIn, his father, Sir John Timpson said he will spend more time with the key cutting and shoe repair specialist while his son carries out his “important job”.
Sir John said: “I will rely on support from Paresh Majithia, who becomes our acting group managing director, to pick up the detail normally overseen by James.
“We will trust our superb leadership team to run the day to day business, and to ensure that we continue to deliver James’s long term vision.”
Related Story
-
Labour to overhaul business rates system and stamp down on shop worker violence
09/06/2024 x 6:16 PM
Sir John said he was confident his son would continue to thrive, citing the first rate leadership team in place “who run the businesses day to day” and his two grandsons – Bede and Patrick – who are working in the business, and James’s wife Roisin, a director of Timpson Group’s hospitality business.
He said the business is trading at record levels and has “a clear plan for the next three years”, including investment in “more pods and in store supermarket sites, investing in key and photo vending machines, building a large photo warehouse on the Wirral, developing a new factory in London for Jeeves, and rebuilding Le Tremplin hotel in Morzine, France”.
“My priority is the continual development of our family business, and ensure it is run well while James carries out the role that the Prime Minister has asked him to do,” he added.
“I am delighted James has been given this opportunity, and am confident that, when he returns as CEO, the company will be in an even stronger place than it is now.”
On Friday (5 June), new Prime Minister Sir Keir Starmer appointed James Timpson to the ministerial role after the Labour party secured a landslide victory.
The retail boss has employed more than 600 former prisoners to work in the company’s stores across the UK and was appointed as chair of the Prison Reform Trust in 2016.
Click here to sign up to Retail Gazette‘s free daily email newsletter
