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Big Yellow CEO to retire after 23 years
(Sharecast News) - Self-storage giant Big Yellow Group announced on Monday that chief executive Jim Gibson had informed the board of his intention to retire after 23 years in the role. Gibson will step down as CEO with effect from 20 July, following the company's annual general meeting, at which time chief operating ffficer John Hunter will replace him as CEO.
Hunter, who joined Big Yellow in April 2024, previously served as UK COO at HomeServe and has also held several senior management roles at Dixons Carphone.
Executive chairman Nicholas Vetch said: "Jim has, with the able assistance of the company's senior management, been the critical force in putting the company into the market leading position it now holds.
"The planning for this transition has been nearly four years in the making. John has had two years with the company, and it has become abundantly clear that he has all the operational, financial and strategic skills to lead us in the next stage of our evolution. Most importantly he has proved to be an excellent cultural fit."
As of 0810 GMT, Big Yellow shares were down 1.54% at 1,024p.
Reporting by Iain Gilbert at Sharecast.com
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