Greencore has announced finance chief Eoin Tonge is leaving the Ireland-based convenience food producer to join retailer Marks and Spencer as its CFO.
Eoin will step down as executive director and chief financial officer following the issuance of Greencore’s interim results in May, according to a statement today (11 February) from the London-listed private-label manufacturer. A “process to determine a successor” has started, with the outgoing finance chief to work with CEO Patrick Coveney to ensure a smooth transition.
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Coveney commented: “Eoin has been a dedicated, professional and loyal Greencore colleague. I have thoroughly enjoyed working with him on both a professional and personal level for the last 14 years and will miss him greatly. He leaves with our gratitude for his enormous contribution to the group but he also has our very best wishes for the future.
“We have a strong finance team at Greencore and have already commenced a process to appoint a new chief financial officer.”
Tonge added: “It has been a privilege to work for such a dynamic company and with such outstanding colleagues. I am delighted to be taking on a new and exciting challenge with Marks & Spencer, a key customer of Greencore’s. I believe Greencore to be in great shape, with a clear, compelling strategy for future growth and a strong leadership team to deliver it.”
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Greencore has also lost its chief operating officer Peter Haden, who stepped down as COO on 31 December and is set to depart the chilled snacks and sandwich business on 12 April.
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By GlobalDataDublin-based Greencore exited the US market in 2018, and Coveney said in a recent interview that the company will be eyeing M&A this year in areas that build on its recent purchase of Freshtime, a UK-based manufacturer of salads and chilled snacks. At the same time, the CEO said the business will seek to expand its food-to-go offerings but was not looking at any deals outside of the UK.
See just-food’s interview: Greencore CEO eyes M&A to expand portfolio
