Iceland International Boss Foley Resigns

British supermarket chain Iceland has announced that its international business director, Paul Foley…

British supermarket chain Iceland has announced that its international business director, Paul Foley, has decided to leave the company.

Foley, who was once Managing Director of Aldi UK, joined the company as a consultant in April 2012 and went on to hold positions on the board of Iceland as well as its export business Iceland Internatinal. He has over 35 years of experience in retail and started his career with Bejam Frozen Foods in 1976.

The news comes as somewhat of a surprise becuase Foely was expected to play an integral role in Iceland's re-entry into the Irish retail market.

Iceland chief financial officer Tarsem Dhaliwal told Retail Week that they were thankful of Foely's contribution and said that; “Our focus in the near term will be on further developing our existing businesses in these four regions, and we have therefore agreed with Paul that there are limited opportunities for a consultant of his seniority to add more value. He has, accordingly, decided to seek new opportunities and we wish him all the very best for the future.”

Iceland said it has no plans to replace Foley at the current time.