Maplin has hired new Poundland chairman Darren Shapland as its non-executive chairman to take over from John Lovering, who is retiring.
Shapland will begin the role on September 1 as Lovering retires following the sale of Maplin by Montagu Private Equity to Rutland Partners for £85m in June.
Maplin chief executive John Cleland said Shapland “brings a wealth of business and retail knowledge which will undoubtedly add momentum to the solid growth and success of the business last year”.
Shapland has previously held roles including Carpetright chief executive, Sainsbury’s chief financial officer and Superdrug finance director.
Shapland said: “The business model is unique and the company has great plans for its future. I’m looking forward to joining a great team.”
Maplin generates more than £220m in sales, up from £100m when Montagu bought the retailer in 2004 for £224m.
Shapland was also drafted in as Poundland chairman last month after Morrisons hired incumbent Andrew Higginson as its own chairman to replace Sir Ian Gibson, who is retiring from Morrisons next year.
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