BREAKING NEWS: Nisbets cuts global CEO role as part of management restructuring

Peter Sephton — Nisbets crop
Key West Holdings director Peter Sephton will be on hand to support Nisbets’ country MDs.

Catering equipment supply giant Nisbets has announced the departure of Klaus Goeldenbot as group CEO from the business by mutual agreement on 1 May 2020.

The move is said to be part of a decision to streamline management within the business in the face of a historically competitive market environment, with more decisions being decentralised to local country MDs. The global CEO role will not be replaced in the immediate term.

The business will be further supported by Peter Sephton, senior director of Nisbets’ parent company, Key West Holdings, who will take an active role in supporting the country leads and providing strategic advice and continuity over the coming period.

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Sephton has served as a director of Nisbets since 2017, and has decades of experience within the field of business-to-business distribution. He is the former CEO of The Parts Alliance and a board member of Nexus Automotive.

Goeldenbot served in the group CEO role for over 2 years. Under his tenure, the company reports it expanded its global reach, use of technology, and delivery speed.

Sephton said: “On behalf of the board, I would like to thank Klaus for his hard work and service over the past 2 years. I know I speak for all of the team at Nisbets.

“Nisbets is a strong and stable company. With the hospitality and catering industry feeling the brunt of the current crisis, like everyone else, we have had to adapt to the current market environment. This proactive step supports that effort, ensuring we can continue business as usual.

“Nisbets is fortunate to be served by an incredible team. We have always maintained excellent relationships with our customers and partners, and that won’t change.”

Andrew Nisbet, director of Key West Holdings and chairman and founder of Nisbets, said: “On behalf of Key West Holdings, I would like to thank Klaus for his commitment to Nisbets as group CEO over the past 2 years. I am proud Nisbets has a strong leadership and management team, which is more than equipped to support the development of the company over the short and long term.”

Tags : businessdealerdistributornisbetspeoplerestructurerestructuring
Clare Nicholls

The author Clare Nicholls

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