Young’s reverses itself on CEO, with Showalter to be replaced by Seachill's Simon Smith
Following its recent acquisition by the Karro Food Group, Young’s Seafood Ltd. has announced that Bill Showalter is vacating the CEO position and will be replaced by Simon Smith.
On 17 July, Young’s advised that Showalter would continue to be CEO after a statement published with Companies House on 16 July said that he had stepped down as a director of the company on 4 July. However, the U.K. seafood company has now confirmed that Showalter has elected to leave at the end of July.
“Having delivered the business into its next stage of ownership, I believe the time is right to move to the next stage of my career,” Showalter said. “With the acquisition by Karro, I am confident that Young’s has a strong foundation from which it can drive growth, providing exceptional quality fish and stand out innovation to countries around the world.”
Meanwhile, Smith, who has considerable brand and retailer experience – most recently as managing director of Seachill, the seafood division of the Hilton Food Group plc. – will take up the Young’s CEO position from 21 October, 2019.
“Simon has extensive retail experience and is known and respected throughout the seafood industry for his achievements with Seachill and the development of the Saucy Fish brand,” Karro Food Group CEO Di Walker said. “I would like to thank Bill for his significant contribution to Young’s over the past six years and respect his decision to seek new challenges elsewhere now that the future of the business is secured.”
Walker will assume the role of acting CEO until Smith joins the business.
Photo courtesy of Simon Smith/Linkedin