Young’s Seafood International Holdings CEO to step down

Published on
December 1, 2015

Following the recent sale of its Findus brand rights and continental Europe business to Nomad Foods, the board of Young's Seafood International Holdings has announced CEO James Hill leave his position with effect from 31 December 2015 in order to pursue opportunities outside the group.

Hill, who joined in April 2013, will retain a non-executive advisory role on the board.

Bill Showalter, currently chief financial officer of the holdings group, will assume the responsibilities of CEO in addition to his existing duties. This will include financial control and corporate governance over the group’s remaining operations.

No changes will be made at the operating company level, where Pete Ward continues to hold full executive responsibility for the affairs of the company as chief executive of Young’s Seafood Limited.

“I’d like to thank James profusely for his contribution to the group. Under his leadership, we have been able to grow turnover and profit in each of the last three years, make important acquisitions and participate in a landmark transaction within the European food industry – no mean feat for a company that had previously endured challenging times. My congratulations also go to Bill, who has also been instrumental to the holdings group’s recent progress and who is fully capable of expanding his remit to include CEO duties,” said Dale Morrison, chairman of the holdings group board.

Contributing Editor reporting from London, UK

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