He will take the title of president and look for a new chief executive.

A new chief executive has been recruited from outside the family.

He said the new chief executive would be announced next week.

A new chief executive is expected to be named within a year.

The decision by the new chief executive is to take effect within three months.

But they say it will not be easy for the new executive.

It was time, the board decided, to bring in a new chief executive.

The search for a new chief executive was not an easy one.

A new chief executive is to take over on July 1.

It has recently come back with the help of a new chief executive and strong sales.