Teenager to bid for the top job at Nisa Retail

 
Oliver Smith
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HARRIS Aslam, an 18-year-old businessman who runs three convenience stores in Scotland, yesterday launched a bid to be the next chief executive of independent shop supplier Nisa Retail.

Aslam currently sits as a non-executive director on Nisa’s board, as well as a youth board director of home improvements retailer B&Q.

Nisa’s current chief executive, Neil Turton, announced last month that he would leave the company in spring next year after working there for 23 years.

Aslam left school at 13 with no qualifications and went on to work in his family’s grocery business where by 15 he had taken over the day-to-day management of Scotland’s largest independent supermarket. He joined Nisa’s board by 16.

Nisa earlier this month reported its turnover rose 10 per cent to £1.6bn during the year to March, with profits rising to £5.3m. But the results, from the group’s companies house filing, disguise the difficult year that Nisa has had since March.

In July, Costcutter changed its supplier from Nisa to Palmer and Harvey, a move that will take some £500m from Nisa’s results next financial year.