NZHerald.co.nz reports, “Embattled Hell Pizza boss Warren “Otis” Powell is in talks to quit the company, and wants more than $1 million for his stake.”

“Director Callum Davies confirmed he and Stu McMullin have held discussions to buy Powell out of his one-third share of the fast-food business. Powell, 43, has taken an extended break in the United States for the next few months and has placed possessions in storage. Davies confirmed yesterday that they had been discussing Powell’s leaving the franchise company for some time but said it was “premature to suggest we are on the verge of a split.'”