Nisbets group CEO Klaus Goeldenbot has left the company after more than two years in charge.
His departure follows a move by the catering equipment giant to streamline its management structure in the face of current market conditions, with more decisions being decentralised to local country managing directors.
Staff were informed of the change late Friday afternoon, according to sources familiar with the situation.
Mr Goeldenbot was brought in to the company at the end of 2017, having previously managed large businesses in the industrial components space.
He was tasked with expanding its global footprint and overseeing an ‘omnichannel’ model combining physical retail stores and online sales.
Over the weekend, Nisbets – which made sales of £400m last year – confirmed that the global CEO role will not be replaced in the immediate term.
Moving forward, the business and country managers will also be supported by Peter Sephton, senior director of Key West Holdings, who will take an active role in supporting the country leads and providing strategic advice and continuity over the coming period.
Key West Holdings is the parent company of Nisbets and is majority-owned by founder Andrew Nisbet.
Mr Sephton has served as a director of Nisbets since 2017, and has decades of experience within the field of business-to-business distribution. He is the former CEO of The Parts Alliance and a board member of Nexus Automotive.
Mr Sephton said: “On behalf of the Board, I would like to thank Klaus for his hard work and service over the past two years. I know I speak for all of the team at Nisbets.
“Nisbets is a strong and stable company. With the hospitality and catering industry feeling the brunt of the current crisis, like everyone else, we have had to adapt to the current market environment. This proactive step supports that effort, ensuring we can continue business as usual.
“Nisbets is fortunate to be served by an incredible team. We have always maintained excellent relationships with our customers and partners, and that won’t change.”
Andrew Nisbet, who currently serves as the chairman of Nisbets, said: “On behalf of Key West Holdings, I would like to thank Klaus for his commitment to Nisbets as Group CEO over the past two years. I am proud Nisbets has a strong leadership and management team, which is more than equipped to support the development of the company over the short and long term.”