UK convenience food group Uniq will today confirm the appointment of Bill Ronald as CEO.
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Ronald is expected to join the group late February following the departure of Terry Stannard, who left Uniq in September after a profit warning. Since then, chairman Nigel Stapleton has been acting as CEO, but is keen to get Ronald on board.
The new CEO joins the group from Mars, where he is a European vice president, in charge of its UK confectionery division. He has come through from a sales and marketing background, experience Stapleton was keen to bring into the highest echelons of the company.
Ronald is likely to receive a similar remuneration package to Stannard, which included a basic salary of £325,000 (US$463,200) plus performance-related stock options.
Uniq is the remains of the old Unigate, following the disposal of the dairy business to Dairy Crest, and the spin-off of the Wincanton logistics division. In November the group announced an interim pre-tax loss of £2.28m after one-time costs and goodwill. The new man will have his work cut out.
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By GlobalData
