The client is seeking a Non-Executive Director with a background in finance to join the Covent Garden Market Authority (CGMA). CGMA is responsible for operating a horticulture wholesale market in Nine Elms, London, and is undergoing a major redevelopment to create a new Food Quarter for the city. As a commercial landlord, CGMA must strive to break even financially, with a turnover of 14.4m and 30 staff members in its latest accounts. The market houses 164 mainly SME businesses, employing 2,500 people and generating a combined turnover of 888m in 2022-23. CGMA plays a crucial role in supplying fruit, vegetables, and flowers to various industries in London.
The ideal candidate for this role will have a strong finance background and experience in a leadership position. They will be responsible for providing financial oversight and strategic guidance to ensure CGMA meets its financial obligations and continues to thrive during the redevelopment process. The Non-Executive Director will work closely with the board and senior management to address key challenges facing the organization, such as maintaining financial stability and supporting the businesses operating within the market. This is an exciting opportunity to contribute to the growth and success of a vital market in London.
Overall, the Non-Executive Director role at CGMA offers a unique opportunity to be part of a dynamic organization with a significant impact on the horticulture industry in London. The successful candidate will play a key role in shaping the financial future of CGMA and supporting its transition into a vibrant new Food Quarter. With a focus on financial oversight and strategic guidance, the Non-Executive Director will work collaboratively with the board and senior management to address challenges and ensure the continued success of the market.