The Co-op has announced the appointment of Ken Towle as Chief Executive of its newly acquired Nisa subsidiary. The former senior Tesco executive has taken up the role with immediate effect, replacing Arnu Misra who stepped in as interim Nisa CEO in late 2017. The announcement comes on the day that the Co-op's acquisition of the wholesale distributor gained final legal recognition.
Ken Towle offers experience of long Tesco career
Having moved through levels of management both in Tesco stores and head office, Ken Towle also held leading roles in Tesco's international markets, including China, Central Europe, Ireland and Turkey. On leaving Tesco in 2015, he then spent two years as a senior advisor with The Boston Consulting Group, and was most recently with the international franchise retailer MH Alshaya.
Jo Whitfield, Co-op Retail CEO, commenting on the acquisition of Nisa said:
"This is exciting news. Co-op and Nisa have all the ingredients for a successful partnership, which will include the offer of award-winning Co-op own brand products. It will give Nisa partners a wholesale operation of scale, allowing them to trade their businesses in the way they choose, whilst benefiting from competitive prices and promotions on an industry-leading own brand."
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