TIDMBAKK
RNS Number : 4423W
Bakkavor Group PLC
18 August 2020
18 August 2020
Bakkavor Group plc (the 'Company' or 'Bakkavor')
Directorate Change
Bakkavor announces that Todd Krasnow, Independent Non-executive
Director and Chair of the Nomination Committee, has notified the
Company that he intends to step down from the Board on 19 October
2020 following the completion of his initial three-year term and
following the Company's Initial Public Offering in November
2017.
Bakkavor also announces the appointment of Umran Beba, who will
join the Board of Bakkavor on 1 September 2020 as an Independent
Non-executive Director and as a member of the Remuneration and
Nomination Committees. Simon Burke, Chairman of the Company, will
become Chairman of the Nomination Committee from 19 October
2020.
Umran Beba is an experienced senior business executive with a
general management background and significant expertise in talent
and diversity. She is currently a partner at August Leadership,
having joined the executive search firm in June 2020. Prior to this
Umran worked at PepsiCo Inc, the global food and beverage company,
for 25 years, retiring in May 2020. She held a number of roles
during her time at PepsiCo; her last role was Senior Vice
President, Chief Global Diversity and Engagement Officer. Previous
roles include commercial and functional roles in Asia Pacific and
South East Europe, as well as Chief Human Resources Officer for
Asia, Middle East, North Africa and Senior Vice President Global
Human Capital Management. Umran started her career with Co lgate
Palmolive in various marketing roles before moving to PepsiCo in
the Frito-Lay division as Marketing Director for Turkey.
A native of Turkey, Umran earned her MBA and Bachelor of Science
in Industrial Engineering from Bogaziçi University in Istanbul.
From 2010 to 2015, she served as an independent Non-executive
Director on the board of Calbee, Inc, a major Japanese snack foods
manufacturer. She is currently on the boards of the International
Youth Foundation and Neighbors Link, a trustee at Purchase College
Foundation, and for eight years until June 2020, was a Future
Council Member of the World Economic Forum.
Simon Burke, Chairman, said: "On behalf of the Board, I would
like to thank Todd for his significant contribution to Bakkavor
over the past three years. We have benefitted greatly from his
counsel following the Company's Initial Public Offering. Todd will
leave us with the Board's gratitude and best wishes.
"I am delighted to welcome Umran to the Board. Umran is an
international executive with strong exposure to the food and
beverage sector and a track record of implementing change to
operational aspects of a large global business in a wide range of
roles. Umran brings a strong and relevant commercial outlook
through her experience of running food and beverage operations in
numerous regions, including Turkey, the Middle East, Asia Pacific
and the US. This skill set, combined with her more recent global
role in the area of workforce diversity and employee engagement,
will further strengthen the diverse mix of skills and experience on
the Board. We very much look forward to Umran joining us."
Umran Beba, said: "I am honoured to join the board of Bakkavor
Group plc, which has a great purpose and mission and holds values
that are in line with my personal values. I look forward to
applying my commercial and functional knowledge and experience of
the consumer goods industry, specifically the food and beverage
market, to support Bakkavor. I am also excited to work with
experienced leaders, both at Board and management level, to create
value together for the shareholders, consumers, customers and the
associates of this Company."
Notes:
There is no further information to be disclosed pursuant to
Listing Rule 9.6.13.
In accordance with section 430(2B) of the Companies Act 2006,
the Company confirms that Todd Krasnow will receive his fees up to
the date of ceasing to be a Director. No other payments will be
made on, or in connection with, the loss of office.
ENQUIRIES
Institutional investors and analysts:
Peter Gates, Chief Financial Officer
Sally Barrett-Jolley, Head of Corporate Affairs +44 (0) 20 7908
6143
Media:
Tulchan Communications +44 (0) 20 7353 4200
Will Smith
ABOUT BAKKAVOR
Bakkavor is the leading provider of fresh prepared food ("FPF")
in the UK, with a growing international presence in the US and
China. The Group is the number one by market share in the UK in the
four FPF product categories of meals, salads, desserts and pizza
& bread, providing high-quality, fresh, healthy and convenient
food. Its customers include some of the UK's leading grocery
retailers, including Tesco, Marks & Spencer, Sainsbury's and
Waitrose. The Group's International segment operates in the US and
China. Bakkavor was founded in 1986 and has its headquarters in
London. The Group has over 20,000 employees and operates 25
factories in the UK, 5 in the US and 9 in China.
DISCLAIMER - forward-LOOKING STATEMENTS
This statement, prepared by Bakkavor Group plc (the "Company"),
may contain forward-looking statements about Bakkavor Group plc and
its subsidiaries (the "Group"). Forward-looking statements involve
uncertainties because they relate to events, and depend on
circumstances, that will, or may, occur in the future. If the
assumptions on which the Group bases its forward-looking statements
change, actual results may differ from those expressed in such
statements. Forward-looking statements speak only as of the date
they are made, and the Company undertakes no obligation to update
these forward-looking statements. Nothing in this statement should
be construed as a profit forecast. Some numbers and period on
period percentages in this statement have been rounded or adjusted
in order to ensure consistency with the financial information.
LEI number: 213800COL7AD54YU9949
Classification: 3.1 (with reference to DTR6 Annex 1R)
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END
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August 18, 2020 03:35 ET (07:35 GMT)
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