Lees Foods’ chairman and chief executive Raymond Miquel CBE has left the firm.
The Lees business comprises Lees of Scotland and Waverley Bakery. It also owned Patisserie UK, which was put into administration in March 2009 after its major customer – Costa Coffee, which accounted for 75% of its sales – switched to another supplier.
Miquel rescued the firm in 1993, when it was close to bankruptcy, and losing over £1m annually. He made a number of changes including the introduction of management controls and rationalisation of the product range, which saw the business return to a profitable position.
Lees said it will announce its new board structure, along with its interim results, later this month.
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