Frank McKay (pictured) is to be replaced as chief executive of Brakes by Sodexo Europe CEO Philip Jansen, The Grocer has learned.
Jansen will take over the role from 1 February and McKay is expected to stay for a short period as part of a handover period after which he will take early retirement.
The move was announced by Brakes' American private equity owner Bain Capital.
"We think Frank has done a tremendous job and wish him all the best for his retirement," said Stuart Gent, an operating partner at Bain who sits on the Brakes board. "We are very excited about Philip's appointment."
Last month, The Grocer exclusively revealed that Bain had started to look for McKay's successor.
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