Nadhim Zahawi confirmed as Very Group Chair

The Very Group, a massive online retailer, announced Nadhim Zahawi as a board member and non-executive chair.

At the £2.15 billion company that owns the online retailers Very and Littlewoods, he takes the place of Aidan Barclay, the current Non-Executive Chair. After Dirk Van den Berghe left at the conclusion of his contract term in February, Barclay took on the job as the controlling Barclay family’s temporary representative.

The company said he’ll “work closely with the current directors and management team to achieve continued sales and profit growth, as well as exploring expansion of the business in new areas. In addition, he will work with the shareholders on the strategic options for the business and the optimal capital structure to achieve its growth ambitions. This may involve fresh equity investment in the short to medium term”.

Aidan Barclay said he has “a proven track record in digital growth and innovation, and [is] highly respected in the UK and global markets. He is ideally suited to lead our board as the company enters its next stage of strategic development and growth.”