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RNS Number : 4711L

Greencore Group PLC

13 May 2022

13 May 2022

Greencore Group plc

Appointment of Dalton Philips as CEO

Greencore Group plc ("Greencore" or the "Group"), a leading manufacturer of convenience foods in the UK, is pleased to announce the appointment of Dalton Philips as Chief Executive Officer and Executive Director. He will join the Group and the Board on 26 September 2022, and replaces Patrick Coveney who left Greencore at the end of March.

Dalton joins Greencore from daa plc, the global airports and travel retail group with businesses in 15 countries, where he has been Group CEO since October 2017. He was previously the CEO of Wm Morrison Plc, the UK's fourth largest supermarket chain, between 2010 and 2015. Prior to this he held senior roles with the George Weston Group, including as COO of Loblaw Companies Limited, the leading Canadian grocery retailer, and CEO of Brown Thomas Group, a luxury goods retailer in Ireland. Dalton has also been a Senior Advisor to The Boston Consulting Group, and has a BA from University College Dublin as well as an MBA from Harvard Business School.

Commenting on the appointment, Gary Kennedy, Executive Chairman of Greencore, said:

"On behalf of the Board, I am delighted to be welcoming someone of Dalton's calibre and experience to Greencore's senior leadership team. In addition to his outstanding knowledge of the grocery sector, he has a strong track record of leading dynamic consumer-related businesses. We see him as the ideal candidate to lead Greencore into the next phase of its journey as it continues to emerge strongly from the challenges of trading through the pandemic. Until Dalton's arrival at the end of September, I will continue in the role of Executive Chair, supported by Kevin Moore, Deputy CEO, and Emma Hynes, CFO."

Dalton Philips, incoming CEO of Greencore, said:

"I am hugely excited to be joining Greencore, which is a business I have long admired as an outstanding operator in the UK food manufacturing sector. I know from my time as a Greencore customer that this is a business with exceptional dynamism, adaptability and ambition, and one that is committed to the highest levels of product quality, customer service, and sustainability. I am looking forward very much to joining their industry-leading team in September, and to helping to realise the significant future growth potential that I see for this business."

This announcement is made pursuant to LR 9.6.11 and LR 9.6.13 of the Listing Rules. The Company confirms there is no further information to be disclosed under the requirements of LR 9.6.11 or 9.6.13 of the Listing Rules in relation to Dalton Philips' appointment.

This Announcement contains inside information for the purposes of the Market Abuse Regulation (Regulation (EU) No 596/2014) as retained in the United Kingdom from 1 January 2021 ("MAR").

For further information, please contact:

 
Gary Kennedy                 Executive Chairman    Tel: +353 (0) 
                                                    1 486 3313 
Emma Hynes                   Chief Financial       Tel: +353 (0) 
                              Officer               1 486 3307 
Jack Gorman                  Head of Investor      Tel: +353 (0) 
                              Relations             1 486 3308 
 
 
Rob Greening/ Nick Hayns/    Powerscourt           Tel: +44 (0) 
 Sam Austrums                                       20 7250 1446 
Billy Murphy/ Claire Rowley  Drury Communications  Tel: +353 (0) 
                                                    1 260 5000

About Greencore

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. We supply all of the major supermarkets in the UK. We also supply convenience and travel retail outlets, discounters, coffee shops, foodservice and other retailers. We have strong market positions in a range of categories including sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings.

In FY21 we manufactured 645m sandwiches and other food to go products, 117m chilled prepared meals, and 256m bottles of cooking sauces, pickles and condiments. We carry out more than 10,500 direct to store deliveries each day. We have 21 world-class manufacturing units across 16 locations in the UK, with industry-leading technology and supply chain capabilities. We generated revenues of GBP1.3bn in FY21 and employ approximately 13,000 people. We are headquartered in Dublin, Ireland.

For further information go to greencore.com or follow Greencore on social media.

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May 13, 2022 07:00 ET (11:00 GMT)

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