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Last managing director of ARW Group steps down

Thursday 7th August 2008

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ARW Group, which owns the Whitcoulls, Borders and Angus & Robertson bookstores, said Ian Draper will step down as managing director and the position will be abolished.

The company, owned by buyout firm Pacific Equity Partners, plans to move its head office functions to Australia following the purchase of Borders bookstores. Draper chose not to relocate from New Zeaalnd, it said in a statement.

ARW named Rod Walker, a former chief executive of The Freedom Group, in a replacement role as executive chairman of the company, it said.

By Jonathan Underhill

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