The great grandson of the founder of Vimto parent, Nichols, has left the company after 18 years, the firm has announced.
The AIM-listed firm said that James Nichols, 43, had stepped down from the board and left the business as he wanted to pursue a “fresh challenge.”
Nichols was a non-executive director, but had held a number of executive positions over the years. His father John, who has been with the firm for more than 50 years, stepped down last year as non-executive chair after 15 years in the role.
Liz McMeikan, who replaced Nichols Senior as chair, said: “On behalf of the board, I would like to thank James for his significant contribution over the past 18 years, and we wish him well and every success for the future.”
The company added that it expects a new representative of the Nichols family – which owns around 34% of the company – will be appointed as a non-executive director “in due course.”
The firm also said this morning (October 25) that Richard Newman has been appointed chief financial officer and company secretary. Newman, who was most recently chief financial officer at AIM-listed tissues specialist Accrol Group Holdings, will join the board in January 2024 before taking up the roles in March.
He replaces interim finance chief David Taylor, who will step down from the board in March.
