Yodel CEO Mike Cooper is to leave the business at the end of the month, leaving chief financial officer Andrew Peeler to become the business's fourth chief executive in just over five years.
Peeler joined the parcel carrier in September 2017 from Bupa, and has board and executive experience from companies including Cadbury Schweppes, Unilever and Premier Foods.
Cooper joined Yodel as CEO at the beginning of 2016, and will leave at the end of January to become CEO of Eurostar.
In a recent interview with MT, Cooper discussed the four-point plan he'd put in place during his time as Yodel's CEO in a bid to turn the habitually loss-making business around.
Yodel executive chairman Dick Stead said that in his two years with the business, Cooper had "put client and customer insight at the heart of Yodel".
"Under his leadership, Yodel has seen improved service levels and greater customer satisfaction."
Of Peeler, Stead said: "I am very pleased that Andrew has accepted the challenge and look forward to him driving the business forward.
"He has demonstrated rigour and focus and provided clear direction. He is passionate about investing in people to build a successful future and with his extensive experience, he is ideally placed to step up to the CEO role.”
Peeler said: "The last four months have been an exciting introduction to Yodel and the opportunities that lie ahead.
"I am delighted to take on the CEO role and particularly to work with such an experienced leadership team. We look forward to completing the business transformation and firmly establishing Yodel as the retailers’ carrier of choice.”
- Cooper described Yodel as "haemorrhaging cash" when MT spoke to him recently, but laid out the turnaround plans for the business, which Peeler will now take the reins on. Read the full interview to hear more about what the new chief executive is taking on.
