UK: Findus Group appoints Unilever Italy chairman as CEO
James Hill will take up the role at Findus on 1 April
Hill will take up the role at Findus on 1 April, the company said today (17 January). At Findus, Hill will be asked to use his experience of developing and navigating Unilever's Italian business through a tough macroeconomic climate.
In October last year, Findus' own finances were put on a more stable footing after the firm secured a GBP220m (US$355m) cash injection from a consortium of investors groups, some of which also took boardroom seats in the frozen seafood firm.
Hill said: "The recent restructuring provides a solid financial platform and I can see the potential for significant profitable growth in the future."
James Hill appointed Chief Executive
The Board of Findus Group, multinational food business headquartered in the UK and with market leading
operations and brands around Europe, including UK, France, Nordics and Spain, today announces the
appointment of James Hill as its new Chief Executive. James will join the Group on 1 April 2013.
James is an experienced executive having successfully led several major European Unilever FMCG
businesses over a 32 year career including being Chief Executive of Birds Eye Walls for four years and
Findus Italy for a year prior to its disposal in 2010.
He joins from Unilever Italy (a €1.2b business), which has enjoyed volume growth and stable profitability
as well as progressed significant cultural change during difficult economic conditions in southern Europe.
From 2007 to 2010 he was Chief Executive of a Unilever internal spin-off division which created €600m of
value from a portfolio of non-core food brands. Prior to this he held various other roles within Unilever.
Dale Morrison, Chairman of Findus Group said:
“James has an outstanding track record of developing businesses through imaginative brand building, tight
cost control and strong leadership. He has in depth knowledge of the frozen food market and considerable
international experience including European coordination roles. We look forward to James successfully leading
Findus Group in its next phase of development and building on the strong platform put in place over the past
James Hill, Group Chief Executive said:
“I am delighted to be joining Findus with its great brands, strong businesses and talented people. The recent
restructuring provides a solid financial platform and I can see the potential for significant profitable growth in
Original source: http://www.findusgroup.com/
Following the creation of a joint venture between Findus, Ardo and Borduelle in 2011, Findus began distributing and carrying out all marketing activities of the brands “Frudesa”, “Salto” and “Findus” ...
Front-of-pack nutrition labels. It is a divisive subject that can turn those on both sides of the debate a nice shade of red....
Unilever Food Solutions is looking to leverage its reputation as a provider of high-quality food products that keep up with ever-changing consumer tastes. At the same time, by offering a variety of to...
- Why "simple" and "real" will be industry buzzwords
- Nestle's 2014 results: 10 Things to Learn
- On the money: Can Danone grow fresh dairy?
- Why US Dietary Guidelines report deserves praise
- Maspex: M&A opportunities in eastern Europe
- Kerry Group CEO expects more M&A in 2015
- Gruma FY earnings surge as margins improve
- Kerry sales, earnings rise but food weighs
- ABF continues to expect profit drop
- Irish Dairy Board to change name to Ornua