,UK

YO! names John Walden as new chairman

Eric Nicoli will step down to pursue other interests.

YO! has announced that John Walden has joined the group as its chairman.

As well as advising consumer facing businesses and private equity investors through Inversion LLC, the US based retail focused management and strategy consultancy Walden founded 13 years ago, he is noted for having board experience of multi-channel consumer focused businesses both in the UK and US.

Previous roles include chairman at Naked Wines, where he oversaw the sale of Majestic Wines and its enhanced focus on the US market, and executive chairman at Holland & Barratt following the acquisition by LetterOne. From 2012 to 2016, Walden was managing director of Argos and then chief executive of its parent company Home Retail Group plc, where he led the digital transformation and sale of Argos to J Sainsbury plc.

Eric Nicoli, who joined YO! as chairman in 2015 following the acquisition of the company by Mayfair Private Equity, is stepping down to pursue other interests. Nicoli is credited for helping lead the transformation of YO!, with 75% of revenues now coming from North America.
 

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