Former government minister and MP to lead strategic development and growth

  • The Very Group appoints Nadhim Zahawi as non-exec chair
  • Zahawi will replace current non-executive chair Aidan Barclay
  • Zahawi recently announced he will stand down as an MP
  • Zahawi will work closely with the current directors and management team
  • He will explore expansion of the business in new areas
  • Fresh equity investment may be considered in the short to medium term
  • Zahawi has a proven track record in digital growth and innovation
  • He has served in senior ministerial roles in government
  • Zahawi co-founded and was CEO of digital polling specialist YouGov
  • The Very Group is one of the UK’s largest digital retailers and flexible payments providers

The Very Group, which operates digital retailers Very and Littlewoods, has appointed former senior government minister and MP for Stratford-on-Avon Nadhim Zahawi as non-executive chair and board member. Zahawi, who recently announced he will stand down as an MP at the next general election, will replace current non-executive chair Aidan Barclay. Zahawi will work closely with the current directors and management team to achieve continued sales and profit growth, as well as exploring expansion of the business in new areas. Fresh equity investment may be considered in the short to medium term. Zahawi has a proven track record in digital growth and innovation, having served in senior ministerial roles in government, including as Chancellor of the Duchy of Lancaster, Chancellor of the Exchequer, and Secretary of State for Education. Prior to his political career, he co-founded and was CEO of pioneering digital polling and market research specialist YouGov. The Very Group is one of the UK’s largest digital retailers and flexible payments providers. Zahawi’s appointment as non-executive chair will lead the strategic development and growth of the company.

Factuality Level: 7
Factuality Justification: The article provides factual information about the appointment of Nadhim Zahawi as the non-executive chair and board member of The Very Group. It includes relevant details about Zahawi’s background, the company’s current situation, and future plans. There are no obvious signs of bias, misleading information, or sensationalism in the article.
Noise Level: 3
Noise Justification: The article provides relevant information about the appointment of Nadhim Zahawi as the new non-executive chair of The Very Group. It includes details about his background, the company’s current situation, and future plans. The article stays on topic, supports its claims with examples, and offers insights into the strategic direction of the business.
Financial Relevance: Yes
Financial Markets Impacted: The appointment of Nadhim Zahawi as non-executive chair and board member of The Very Group may impact the company’s stock price and investor sentiment. It could also have implications for the company’s strategic direction and potential expansion plans.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not mention any extreme events or their impact.

Reported publicly: www.retailsector.co.uk