New Albemarle & Bond chief exec brought in early

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Chris Gillespie starts ahead of schedule as group battles tough times.

Albemarle & Bond’s new chief executive Chris Gillespie has been brought into the business 11 days early as the pawnbroker continues to face financial battles.

Gillespie was due to start his new position on October 18 but due to the company’s current difficulties he will start fire fighting from today.

Albemarle & Bond non-executive chairman Greville Nichols said: "In the current environment, Chris’s experience and leadership will be very valuable to the business. The acceleration of his appointment to the CEO role from the previously planned date is in recognition of his energy and enthusiasm to take up the role and the board’s confidence in the difference he can make to the company.”

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Colin Whipp will also start work at Albemarle & Bond today as chief restructuring officer and executive board director. He is a chartered accountant and fellow of the Institute for Turnaround, and has previously held roles at Scholl, BacardiMartini, Proctor & Gamble, BDO Stoy Hayward and Bertelsmann.

A statement from Albemarle & Bond said: "Colin has extensive wide experience in consumer-facing companies in delivering improved financial change and results."

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