Pace appoints former Asda CEO as chairman

Set-top vendor Pace has appointed former supermarket CEO Allan Leighton as its new non-executive chairman.

The appointment follows the retirement of Mike McTighe, who will be stepping down after ten years as non-executive director, including five years as Chairman. Leighton, former CEO of Asda and non-executive chairman of Royal Mail has today joined the board as a non-executive director and is expected to be appointed chairman over the summer months.

Neil Gaydon, CEO of Pace, said, “Mike has played a key role in developing Pace’s industry leadership position and I would like to thank him for his service and the guidance he has given to this business and to our management team. We are very excited to be welcoming Allan Leighton to the board; his track record of running businesses is outstanding, and we very much look forward to his contribution.”

The appointment follows two recent profit warnings from Pace, which has been hit by supply problems following the Japanese earthquake.