11th January, 2013
Iglo Group to begin search for new CEO
Martin Glenn, CEO of Iglo Group, has today announced his intention to step down as CEO.
Having led the turnaround of the business since the Permira backed buyout in 2006 and returning it to growth, Martin has decided that having achieved these objectives in the time frame originally set now is a logical time to hand over the leadership for the next phase of the businesses growth. He will remain an investor in the business and stay on to facilitate a smooth transition of leadership.
Under his leadership, Iglo has been reshaped into Europe’s largest frozen food business; it is the market leader in frozen food, 2.5 times the size of its nearest rival with a strong track record of innovation and a demonstrated ability of consolidating the frozen sector through the successful acquisition and integration of Findus Italy.
The search for Mr Glenn’s successor is underway and an appointment will be announced in due course.
Martin Glenn, CEO, commented:
“I am very proud of what we have achieved with the Iglo Group and of the significant turnaround of the business since 2006. Having achieved the objectives we set ourselves in the time frame planned and recently completing our refinancing and strategic plan, now is the logical time to begin the search for a new CEO who can take on the next business cycle.
This is a great business and the broader Iglo Team is without doubt the strongest team in frozen food. We have the support of Permira, our customers and suppliers and I know that the business will continue to thrive in the demanding market in which it operates.”
For further information please contact:
Corporate Affairs and PR Director
Tel: +44 208 918 3326
Pelham Bell Pottinger
Tel: +44 207 861 3159