UK-based Young’s Seafood today (23 August) announced the appointment of experienced finance executive Tim Busby as its CFO.
Busby has experience in Germany, France and Portugal and has worked in the food and consumer-facing industries for 18 years.
He currently holds a directorship at Hallmark, where he is responsible for the finance and strategy of the group which has a total turnover of GBP300m, comprising businesses in the UK, Europe, Asia-Pacific and the US.
Busby previously worked for six years with the Orangina Schweppes Group as group finance director and prior to this undertook a number of senior finance roles across Cadbury Schweppes.
Young’s said that throughout his time as finance director at these firms he played a key role in driving and delivering financial targets, with a focus on cost management, negotiating new distribution agreements, as well as establishing reporting and strategic planning process.
Busby is to succeed Malcolm Lofts as CFO, who is retiring from the role, and as a board member, on 31 December. He will continue to work with the company in an advisory capacity following his retirement.
Bill Showalter, chief executive of Young’s Seafood, said: “Tim’s extensive financial and international experience at director level will be extremely valuable as we look to execute our long-term growth strategy. It is our belief that a fish-loving nation is a happier and healthier nation, and we look forward to introducing Young’s to more markets around the world.”
Busby, who will take up his new role on 2 January next year, said: “Young’s is a business with a high capability and a reputation for quality across multiple categories supplying into the retail and foodservice sectors. The company is making significant progress in executing its strategic plan and I am very much looking forward to playing a role in driving the business forward.”