Pepco Group, the fast-growing pan-European discount variety retailer, today announced the appointment of Trevor Masters as Managing Director of the group’s largest trading brand – PEPCO, as part of a planned succession process.
He will succeed PEPCO Managing Director Rob Taylor who joined the group in 2004 and informed the Board earlier this year of his desire to step down from full-time employment.
Trevor is a very experienced international retailer having spent over 30 years at Tesco, latterly as CEO for all its international operations after successfully leading Tesco’s Asian business. Previously Trevor was responsible for Tesco’s operations across Central Europe.
Trevor, who will be based in Poland, joins the group on 1st November, enabling a managed handover of responsibilities prior to Rob leaving on 31st December.
Pepco Group houses three strong, independent discount variety retail brands: PEPCO, Dealz and Poundland. Working with its global sourcing arm, PGS, these brands – operating across some of Europe’s largest economies – are committed to offering their 47 million shoppers a month everything they need to replenish their home across key general merchandise, apparel and FMCG categories.
The group now has 2,698 stores in 14 countries, employing over 33,000 colleagues with an ambition to be Europe’s largest discount variety business, targeting more than 4,000 stores.
Andy Bond, Pepco Group CEO, commented:
“I am delighted that Trevor is joining the senior management team to lead PEPCO as it delivers the exciting growth planned for the brand. I am confident that his deep retail experience gained in numerous international markets will only serve to further strengthen PEPCO’s market leading position in Central Europe.
“On behalf of the Board I would like to thank Rob for his service over the past 15 years. His direction, drive and determination have been pivotal in the development of PEPCO from 14 stores in Poland in 2004 to the 1,800 store, 11-country operation that we are today.”
Trevor Masters commented:
“PEPCO is by any measure already a large, fast growing and financially strong business built upon its constant focus on delivering exceptional value for its customers every day. I look forward to working alongside the team across Europe and am excited by the future growth potential for the brand as clearly illustrated by the business’ ambition to open PEPCO’s 2,000th store during my first year in role.”