Coffee Republic Chief Executive Steps Down

July 9, 2008 by Cris | 0 Comments

Times Online:

Coffee Republic announced today that Steven Bartlett, the former rebel shareholder who ousted the company’s founder, Bobby Hashemi, in October 2006, is to step down as chief executive.
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The coffee bar operator said that Mr Bartlett, who will become non-executive vice chairman, was leaving to “dedicate more of his time to his businesses and family in Plymouth”.

Peter Breach, executive chairman, who will assume the job until a successor is found, said that Mr Bartlett would retain his shareholding, adding: “He remains part of the team.”

Mr Breach said that his colleague would not be receiving a payoff. Asked why he was stepping down, he replied: “His expertise is the rejuvenation of businesses and retail change, and he felt he had achieved that at Coffee Republic.”

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