Ranjit Boparan is to step aside as chief executive of 2 Sisters Food Group, the business he founded 25 years ago. In an announcement on the firm’s website, Boparan said he would step up into the position of President of Boparan Holdings Limited (BHL) the parent company of 2 Sisters Food Group.
“I am fully committed to building a better, more transparent business, modernising our company and simplifying our operations,” said Boparan. “I want to take a broader industry leadership role and concentrate more on the issues and challenges that affect not only our business, but also the food sector in general such as Brexit, social responsibility and sustainability.”
Charles Allen, Chairman of BHL said: “Ranjit has spent 25 years of his life building a world class food business. He has been a catalyst for change within the food industry, by challenging the norm and providing our customers and consumers with great service, great quality foodR, and great prices. In his new role, he will be playing to his strengths, looking at new opportunities and reducing debt that will help take the business to new levels of success.”
A process has been put in place to find a new CEO for 2 Sisters Food Group, considering external and internal candidates. Martyn Fletcher in his capacity as COO, reporting to the Board, will be responsible for the operations of the business until a formal appointment has been made.
“These changes are the right ones to make at a very important stage in our business’s history and they help secure strong foundations for future development and growth,” said Boparan. “These are further major transformative steps in a journey to build a better business with a world-class leadership team.”