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Alex Gourlay joins Holland & Barrett as Executive Chair

Alex Gourlay appointed as Executive Chair of Holland & Barrett Holland & Barrett are delighted to announce the appointment of Alex Gourlay as Executive Chair. Alex assumes the role from Michael Casey, Executive Chair since September 2021 and a non-executive Board member since 2017.  Michael has overseen a vital transformation of the business and leaves […]

LetterOne announces intention to appoint new Board members

LetterOne today announced that – subject to regulatory approval – it will appoint three new non-executive directors as part of the newly strengthened Board’s work to create a model for the business that is independent of its founders. These will join include: Alex Gourlay (formerly Executive Vice President and Co-Chief Operating Officer of Walgreens Boots […]

Our year in review – L1 Energy

L1 Energy: helping to power a just and orderly transition to renewable energy Wintershall Dea 2021 was a year of sharp recovery in commodity markets and of successful execution of WD’s strategy. As a result, the company reported record financial results (EBITDAX of €3.8bn and free cash flow of €2.1bn) on a record level of […]

Our year in review – L1 Technology

L1 Technology: investing to improve connectivity and efficiency, expanding opportunity and making an impact on people’s lives in their communities. UPP Upp launched in June 2021 with an investment of over £1bn and a goal of deploying a Fibre-to-the-Premises network to more than one million homes and businesses by 2025. It began by initially concentrating […]

Our year in review – L1 Health

L1 Health: developing industry leading platforms that transform healthcare Update on L1 Health Operating Platforms Our pet health business and health venture investment platform have both performed very well during COVID and have come out of the pandemic with robust growth. Our newly acquired operating platforms Remedica and Sun Wave Pharma have also weathered the […]

Our year in review – L1 Retail

LetterOne Retail: buying and building the next generation of retailers internationally DIA Group Three years ago, L1 embarked upon a journey of profound transformation of a food retail operator, which occupies an important position in the neighbourhoods of four countries: DIA Group. The objective was to strengthen the confidence and relationships with key stakeholders, with […]

Our year in review – L1 Treasury

L1 Treasury L1 Treasury manages the liquidity and financial investments of L1 Investment Holdings. When the group makes strategic investments, L1 Treasury provides the necessary funds, and when investments are sold or dividends received, L1 Treasury manages the available funds through a portfolio of financial investments in public and private equity, fixed income, real estate […]

CEO’s review of 2021

CEOs review Jonathan Muir, Chief Executive Officer Performance highlights 2021 was a very strong year and left us well prepared for the new future that we are faced with. I would like to echo Mervyn’s comments on the abhorrent war and the sincere thanks to our colleagues – over 100,000 people at L1 and in […]

Chair’s review 2021

Chair’s review Lord Davies of Abersoch Emerging from a challenging period I want to start with an issue that sits outside this report. Russia is waging an unjustifiable and abhorrent war against Ukraine that is causing untold damage to the lives of millions. The strong response by the West has implications for L1 that we […]

Franz Humer appointed to the Board of LetterOne

Franz Humer appointed to the Board of LetterOne Franz Humer, experienced Non Executive and Chair joins the Board of LetterOne Mr Humer is former Chairman of Diageo and former CEO of Roche Mr Humer brings decades of managerial and Board experience to LetterOne Commenting on his appointment, Franz Humer said: “LetterOne is a major employer […]