Nisa-Today's, founded by Ramsden and Peter Garvin, is one of Europe's leading buying groups, with its standalone central division having reached a turnover of£1 billion.
Ramsden said it was always his intention to retire on completion of the proposed merger with Costcutter. That link-up was detailed after encountering shareholder resistance, but Ramsden cited family reasons for his decision to leave.
He will be appointed as a non-executive president of the group and will perform an ambassadorial role in the future.
Edwin Booth will be appointed as acting non-executive chairman, Raj Chatha as acting non-executive deputy chairman and Neil Turton as acting chief executive officer of Nisa-Today's.
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