James McCann, a longtime retail industry executive turned investor, is joining New York-based on-demand pay platform DailyPay as a special advisor. McCann is chairman and CEO of Boston-based Food Retail Ventures LLC, which invests in early-stage companies in retail technology, food technology and the better-for-you consumer goods space, among them Afresh Technologies, Bowery Farming, Flashfood, Takeoff Technologies and Fetch Rewards.
Before moving into the investment field, McCann spent more than two decades in the grocery industry, holding such roles as CEO of several Tesco businesses in Europe and Asia, Carrefour France, and Ahold’s $26 billion U.S. business. McCann left the company in 2016, the year it merged with fellow international retail conglomerate Delhaize.
“DailyPay has created an amazing platform that really helps both employers and employees in the grocery retail industry,” said McCann. “I am delighted to be able to help, as they are the gold standard in on-demand pay, which I know from my 20 years leading major food retailers is a hugely significant benefit that employees really need.”
Source: Retail Leader
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