Bestway Managing Director Martin’s race is run
Cash and carry’s head honcho to retire at the end of November
It’s all change at the helm of cash and carry giants, Bestway, with Managing Director Martin Race stepping aside to be replaced by Dawood Pervez.
Race, who has been Bestway’s Managing Director for two years, is taking retirement when the curtain falls on his tenure at the top of London-based business on 30 November, with Pervez moving up from his current position of trading director to take the reins.
It’ll be the end of three-decade career in wholesale for Race, with his stint at Bestway following up a mammoth 26-year career that saw him move up the ranks at Batleys.
In a message announcing his departure, Race conceded it was time for Bestway to be led by a younger man and paid homage to Pervez.
“I’ve thoroughly enjoyed the last two years as MD and take great heart from the improving performance of the business,” said Race.
“I would like to thank the exec, the larger leadership team and all colleagues for their support and hard work, but I feel that it is now time for a younger man to take the company forward and for me to spend more time with my family.
“I have worked closely with Dawood for 13 years and I am fully confident that he is the right man to lead the business forward and I wish him the best of luck in the future.”
Pervez, who is the son of Bestway founder Sir Anwar Pervez, will be the new man from the beginning of December and will take over at a crucial time for the cash and carry wholesaler, with the industry set for even more change after the consolidation of buying groups Today’s and Landmark to make one supergroup.
Pervez said: “I’m delighted to be succeeding Martin as managing director of Bestway Wholesale, and I’d like to thank him personally for all of his support over the years. The business is now in a unique position to benefit from the turbulent market conditions and it is my full intention for it to do so.”