The Company of Master Jewellers (CMJ) has appointed Terry Boot to the role of chief executive officer.
Boot has been acting as interim chief executive to the buying group for the last six months, since the departure of Willie Hamilton at the end of July 2017. During this time, Boot has worked closely with the board of directors and senior management team to steady and galvanise the group, which in its latest financial accounts disclosed a loss of £73,123 before taxation, despite the CMJ reporting a profit before taxation of £415,826 during the same period the year prior.
As interim CEO, Boot has already overseen the sell-off of one of CMJ’s subsidiary companies, Facets PR to its management team; and been instrumental in a detailed business review of the rest of CMJ’s group of companies. He will continue to re-focus the business on delivering its main priorities and ensuring the Board’s objective of centring the focus on the core of CMJ, is met.
With over 25 years in the retail industry, Terry brings a wealth of experience to this post. Before joining CMJ Terry was chief financial officer for Jones Bootmaker and Brantano Footwear group. A role of encompassing central services for the retailer such as; Finance, IT, property management, store maintenance, warehouse and distribution, HR and training.
Boot shares: “I’m very pleased to be taking up this role permanently; I appreciate the confidence the board has shown in me. I’ve been inspired over my time at CMJ by the organisation and its people, the staff, members and suppliers. My key focus will be on our Retail Members and Approved Suppliers, to ensure that they are getting maximum benefit from the group; by that I mean the whole three sixty offering, from financial agreements and discounts, to business support and the types of services we provide as a group.
“I’m looking forward to working closely with Lucy Reece-Raybould the executive director of business development, she has a wealth of experience in this industry and I believe our combined strengths in our areas of business will be a good dynamic for CMJ.”
Going forward, Boot and the team will have to continue to reassure its members of the buying group’s vision for the future following the events that unfolded last summer.
The buying group’s ultimate aim over the last six months has been to refocus on its core values, with CMJ chairman, Aldridge, stating that the imperative now is to run “a profitable, stable CMJ that is providing clear benefits to our members”.
On Boot’s appointment, the chairman remarks: “The board is delighted Terry has accepted the role and believe he is the person to lead CMJ back to its core values. I stated at the AGM in August that our main business objective is to ensure we are putting the focus firmly on our members and suppliers to deliver maximum benefit back to them. Myself and the board are greatly encouraged by the achievements Terry has already accomplished towards those goals. We also believe that Terry together with Lucy will form a strong and successful senior management team, and we’re looking optimistically towards the future.”
Terry Boot will commence his permanent appointment on Thursday February 1 2018.