LetterOne Appoints its CEO, Jonathan Muir, as Chairman of Dia
The board of directors of the Dia supermarket chain appointed Jonathan Muir, CEO of LetterOne, as non-executive chairman, replacing Benjamin J. Babcock.
The board of directors of supermarket chain Dia has appointed Jonathan Muir, CEO of LetterOne, as non-executive chairman, replacing Benjamin J. Babcock. Babcock's resignation follows the end of his employment relationship with LetterOne, which controls 77.7% of Dia's capital. The board has thanked Babcock for his work, which included leading Dia's strategic reorientation, operational recovery, and refinancing process.
Muir's appointment will be subject to shareholder ratification and re-election at the next General Meeting.
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