Blacks Leisure chairman David Bernstein has resigned.
In a statement this morning, Blacks said that despite having received over 78% of proxy votes in favour of his reappointment at the AGM on July 27, Bernstein decided that, “whilst this would normally be sufficient, the challenges faced by the business in such a difficult trading environment require a unified shareholder base supporting the strategy developed by the board”.
Blacks’ nomination committee will now start a process to identify and appoint a new chairman.
Bernstein joined the board in 1995 and was appointed chairman in 2001. Blacks said: “During his time with the company, David has made a considerable contribution to the business and the board would like to take this opportunity to express their gratitude and to wish him well for the future.”