The Board of Boparan Holdings Limited, trading as 2 Sisters Food Group, has announced two new appointments to its Board:
Richard Pike is to be appointed as its new Group Chief Financial Officer (CFO).
He will join the business on 17 July and report directly to CEO Ranjit Singh.
He has a 20-year track record in financial and corporate leadership roles, having previously worked for Associated British Foods as managing director of British Sugar, and prior to that he was Group CFO for AB Sugar. He has also served as Group Operations and Finance director for Bridgemere and CFO roles at Manchester Airport Group and Pilkington.
Pike will take over from Group CFO Stephen Leadbeater who has decided to step down due to personal reasons.
“I am delighted to welcome Richard to 2 Sisters,” said Singh. “He joins at an extremely important time for the business, and I am confident he has the right pedigree and experience to help steer us to our next stage in developing a better business.”
“I would also like to convey my thanks to Stephen Leadbeater for his hard work and commitment to the business over the past three years. I am very sorry he has decided to step down, but I wish him all the very best for the future.”
Richard Pike added: “There are big challenges and opportunities at 2 Sisters and I am extremely happy to be joining Ranjit and his team.”
“There are clearly many big hurdles the food sector has to overcome, but the potential of a business so wide-ranging and significant as 2 Sisters is a truly exciting prospect. I look forward to playing my part in taking the business forward.”
In addition to Richard’s appointment, 2 Sisters is further strengthening its Board with current chief operating officer, Martyn Fletcher, being appointed to the main Boparan Holdings Board from 1 July 2017.
Commenting on both appointments, 2 Sisters Chairman Lord Allen of Kensington, said: “These are two very important appointments and I welcome both Richard and Martyn to the Board.”
“Richard is a high calibre finance chief with a broad level of experience which will stand him in very good stead as the business rises to the many external challenges in a changing world and fast-moving market place.”
“His new Board colleague Martyn has made great progress in his 18 months at the business and I look forward to working even more closely with him in the future.”