The Board of the parent company of 2 Sisters Food Group, Boparan Holdings, has announcing that Chairman Lord Charles Allen of Kensington has decided to retire from the business.
During almost nine years in the non-executive Chairman role, Lord Allen has helped steer the company since its acquisition of Northern Foods in 2011. Lord Allen will be succeeded in early 2020 by Richard Pennycook.
Owner and President of Boparan Holdings, Ranjit Singh Boparan, said: “I have very much enjoyed working with Charles and would like to thank him for his wise counsel, support and leadership over the last nine years.
“I am delighted we have been able to attract Richard to the Chairman role and I look forward to working with him. His knowledge, skills and experience of the sector will be invaluable as we continue to transform the business.”
Lord Allen of Kensington said: “I have very much enjoyed my time at 2 Sisters Food Group and working with Ranjit and Ronald Kers, the CEO. They are a formidable team and I wish them continued success with the business.”
Richard Pennycook is one of the UK’s leading retail figures. He was previously the CEO of the Co-op Group from 2014 and led the transformation of the business.
He is also the Chairman of the British Retail Consortium and the lead non-executive board member at the Department of Education.
Richard Pennycook said: “I have long admired 2 Sisters and I am very excited to be taking over the Chairman role. I look forward to working with Ranjit and Ronald to further build and strengthen the Group.”