(Sharecast News) - Food company Greencore Group revealed on Thursday that chief executive officer Patrick Coveney was set to step down from the role in order to join food and beverage outlets operator SSP Group.
SSP Group said Coveney will take over the role of group CEO on 31 March 2022, replacing current CEO Simon Smith, who will depart the company in December.
In the interim, Jonathan Davies, in his role as deputy CEO and chief financial officer, will lead the group's executive committee and oversee day-to-day business prior to Coveney joining the firm.
Coveney said: "I am absolutely delighted to be appointed as SSP's next group CEO as it builds back from the pandemic. The business has a strong Board, a highly experienced leadership team and thousands of dedicated colleagues across the world. It also has a clear strategy, deep relationships with client and brand partners, and a robust balance sheet.
"I look forward to working with the teams to seize the many opportunities that lie ahead and to delivering future growth and returns for SSP and its shareholders."
As of 1650 GMT, Greencore shares were up 1.20% at 134.50p and SSP shares were 2.94% higher at 255.90p.
SSP Group (SSPG)
Greencore (GNC)Today 09:57
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