2 Sisters Food Group has announced that its group CFO, Richard Pike, has decided to leave the company to pursue opportunities outside the group following internal changes.
Craig Tomkinson, currently finance director, UK & Ireland, has been promoted to the role of group CFO effective July 1.
Tomkinson rejoined 2 Sisters Food Group in April 2018, having spent six years with the business between 2010 and 2016, during which time he played a major role in the £346m acquisition of Northern Foods in 2011 and the £80m acquisition of the UK arm of Vion Foods in 2013.
Speaking on the role, Tomkinson said: “I’m delighted to be appointed CFO and relish the opportunity to support our new CEO Ronald Kers in developing 2 Sisters into the best everywhere we operate. It’s been a privilege to have worked so closely with Ranjit and be part of the 2 Sisters growth story to date, and I look forward to this exciting new chapter.”
Commenting on the appointment of Tomlinson, Pike added: “I am pleased to have been able to play an instrumental role in the Group’s change journey over the last 12 months. Whilst I believe we are now heading in the right direction, I feel that now is an appropriate time for me to pursue other opportunities. I would like to take the opportunity to wish Ranjit and the whole organisation all the very best with the positive change journey ahead.”
Meanwhile, the £200 million sale of the Goodfella’s pizza business delivered a welcome boost to profits for 2 Sisters Food group.
Pre-tax profits for the group have risen for the third quarter to £97.4m, up £88m on the same period a year ago.