The new owners of Pret a Manger have begun to make their mark on the under-fire sandwich chain by embarking on a management shake-up.
Finance chief Adam Jones was among those terminated from the board of Pret’s parent company, according to documents filed at Companies House on Tuesday.
JAB Holdings, the coffee giant behind Peet’s Coffee & Tea and Jacobs Douwe Egberts, took a majority stake in Pret a Manger for £1.5 billion in May and the deal closed last week.
Filings show that CFO Mr Jones, former chairman Larry Billett, HR director Andrea Wareham, co-founder Sinclair Beecham and US president Joanne Brett had all been terminated as directors from parent company PAM Group Limited.
The Press Association understands that at least some of the senior managers will continue to work for Pret, even though they will not sit on the top board. It was unclear on Tuesday evening if this was the case for all affected parties.
“These changes are a result of the JAB acquisition which has led to the appointment of new statutory directors. These individuals still work at Pret,” a spokeswoman said.
Pret’s chief executive Clive Schlee remains a director of the company.
Over the weekend, JAB gave its backing to Mr Schlee in the face of criticism after the death of a teenager who suffered an allergic reaction to one of the chain’s baguettes.
Mr Schlee is reported to be in line for a windfall of more than £30 million as a result of the sale to JAB, which is the investment vehicle of Germany’s wealthy Reimann family.
Partners from Pret’s previous owner Bridgepoint have also now left the company, while a host of JAB partners were installed as directors, according to the filings.
JAB chief executive Olivier Goudet was one of five new appointments.
At the time of the acquisition’s announcement, Mr Goudet said: “We look forward to working with Clive Schlee and his management team, while promoting the Pret brand and supporting Pret’s impressive culture for the next phase in the company’s growth with JAB.”