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October 30, 2019

Symington’s says CEO John Power left in September, with food veteran David Cox set to take over

UK food company Symington's announced today (30 October) that its chief executive John Power departed in September having served in the role for three years.

By Dean Best

UK food company Symington’s announced today (30 October) its chief executive John Power departed in September having served in the role for three years, with former Fox’s Biscuits director David Cox set to takeover the helm of the snacks to sauces and noodles maker. 

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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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The company did not provide any further information behind Power’s departure in a statement today other than he “left Symington’s in September”. He was promoted to CEO in 2016 from the position of chief operating officer.

Cox will join the Leeds-based business on 4 November.

Cox is an industry veteran who most-recently served as managing director of Fox’s, the biscuit manufacturer owned by Boparan Holdings, which in turn owns the UK food company 2 Sisters Food Group. 

He previously spent four years at another food heavyweight, UK-based General Mills, where he was managing director for Europe. Other appointments included stints at UK supermarket chain Tesco and consumer goods giant Unilever.

Tim Whiting, Symington’s chairman, said: “David is highly respected in the food industry and brings significant retail experience. We are delighted to have attracted him to Symington’s and look forward to working with him as we take forward our ambitious plans for the business.”  

Symington’s is present in the rice, pasta, soups and pulses segments, with its products supplied to retail and foodservice channels, and is also active in private label. Its brands include Mug Shot, Naked, ilumi, Chicken Tonight, Ragu and Twistd. Earlier this month, Symington’s secured listings with American retail giant Walmart.

Commenting on his appointment Cox added: “Symington’s is a fantastic business with huge potential and with great brands in growth markets. I look forward to joining the team at Symington’s and to the challenge of working across a number of different categories.”  

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Free Report
img

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.
by GlobalData
Enter your details here to receive your free Report.

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