According to Plimsoll Publishing, a spate of new appointments at the top of the UK’s leading 980 bakery companies is set to change the face of the industry.
There have been 722 new appointments at director level in the last 18 months in an industry with 2153 directors in total, Plimsoll observed. New additions to the management of baked good companies are likely to bring fresh ideas, renewed focus as different ways of working to the industry, the analysis group has suggested.
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“There has never been a more important time to take note not just of the companies you are doing business with, but of the decision makers behind those companies. We all know that companies don’t do business with companies – people do business with people. But the people are changing, and firms will be caught out and lose business as a result, simply because they took a customer, competitor or supplier for granted on the basis of an older management style,” senior analyst David Pattison warned.
“The reasons for the new appointments are varied. Some have been taken on with the direct objective of finding a buyer for the company, while others look as if they have been appointed to see through a management buyout. Whatever the reason, this wave of new blood is simply the start. A quarter of directors are over the age of 60, and we will see yet more evolution in the not too distant future,” he continued.
