Andy Bell, founder of investment platform AJ Bell, has joined the company as chair with immediate effect.
A fellow of the Institute of Actuaries and awarded a CBE in the most recent New Year Honours List, Bell stepped down as chief executive of AJ Bell in October 2022, continuing in a consultancy role and as the largest shareholder.
He also has a number of private equity business interests covering sectors such as hospitality, housebuilding, sport, fitness, nutrition, sustainable energy and IT security.
Attracted to the role
“I agreed to become a shareholder in Applied Nutrition last year, attracted to the outstanding growth delivered by its strong leadership team, the quality and diversity of its products and growing market share in over 60 countries,” said Bell.
“I am now excited to have the privilege of being Chair to support this fantastic UK business in its next phase of growth.”
Applied Nutrition chief executive Tom Ryder commended Bell and his journey that has seen him build a household name from scratch and his multi-decade experience.
“We agreed last year that Andy would invest in the business. More recently our conversations around strategy and how we can continue our growth story led to Andy accepting the role of Chair,” said Ryder. “This is the first such role he has accepted which is a huge endorsement of our business.”
Fromer head of Holland & Barrett
Meanwhile, former Holland & Barrett chief executive Tony Buffin has joined the board of Applied Nutrition as a non-executive director.
“Tony’s deep understanding of the sector will also be extremely beneficial,” Ryder added. “The global wellness economy is projected to grow by 8.6% a year, reaching $8.5 trillion in 2027, and Tony’s experience as CEO of Holland & Barrett – one of the world’s leading health and wellness retailers – will ensure that we are best positioned to capitalise on this exciting opportunity.”
In other appointment news, Irish dairy co-operative Ornua has announced the appointment of Connor Galvin as its new chief executive.
