Finsbury Food Group, the UK cake maker, said today (24 April) that deputy chairman David Marshall is set to become chairman of the company.

Marshall will replace Lord Saatchi, who will step down from the role next Wednesday.

Finsbury said Marshall's promotion would provide a "seamless succession" at a company that is now "a major player in the UK cake, bread and gluten-free markets".

Finsbury makes a range of cake and morning goods for the UK's largest retailers. The company is also building its gluten-free bread portfolio and earlier this month bought bread maker Yorkshire Farm Bakery and gluten-free mixes firm A&P Foods for a combined GBP8.9m (US$17.7m).