LetterOne pone en la presidencia de Dia a su CEO, Jonathan Muir
El consejo de administración de la cadena de supermercados Dia nombrado a Jonathan Muir, el CEO de LetterOne, presidente no ejecutivo dominical, en sustitución de Benjamin J. Babcock. Leer
Dia supermarket chain's board of directors has appointed Jonathan Muir, CEO of LetterOne, its largest shareholder, to a non-executive president position, replacing Benjamin J. Babcock. The decision follows Babcock's resignation, who is leaving the presidency and his position on the governing body upon ceasing his employment with LetterOne, according to Dia's communication to Spain's stock market regulator, CNMV.
Babcock had served as president from September 2023 to June 2025, leading the chain's strategic turnaround, operational recovery, and refinancing process completed in December 2024. Muir's appointment comes via co-option, and will require the approval and re-election of shareholders at Dia's next General Meeting. The CEO of LetterOne's arrival is seen as a sign of continuity in the board's leadership, and a commitment to the long-term partnership between the investor group and the company.
The revised board composition maintains Dia's focus on best corporate governance practices, with eight of its nine board members (89%) being fully independent of L1R Invest1 Holdings. All members of the audit, compliance, and remuneration committees are independent. The board also retains a majority of members based in Spain and a 67% female representation.
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