ABP Food Group promotes Finbarr McDonnell to COO

Ireland-based meat processor ABP Food Group has promoted Finbarr McDonnell to the position of COO, replacing Frank Stephenson, who is now the company’s CEO.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

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McDonnell, who will take the role in April, was the managing director for ABP’s operations in Ireland and Poland. Stephenson became the company’s chief executive in October, succeeding Paul Finnerty.

Martin Kane, the finance director for ABP’s businesses in Ireland and Poland, will move up to became the managing director of the units. Kane will also take his new position in April.

Stephenson joined ABP Food Group last year from Irish dairy and ingredients business Glanbia. He spent 20 years at Glanbia and his most recent role was as COO of the company’s performance nutrition business, which sells products including whey protein and protein bars.

ABP, based in Co. Louth in Ireland, has 41 manufacturing plants across eight markets – Ireland, the UK, Denmark, Poland, Austria, the Netherlands, France and Spain.

Free Report

What’s the forecast for the food and grocery industry?

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

By GlobalData

By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their Privacy Policy

Dean Best

An experienced editor, Dean has reported on the international food and beverage industries for 19 years. He became editor of Just Food in 2007 and Just Drinks in 2022.