Former Co-op Group chief executive Richard Pennycook is to succeed Lord Charles Allen of Kensington as chairman of 2 Sisters Food Group’s parent company Boparan Holdings.
Lord Allen is stepping down after nearly 9 years in the business, having joined at the time of its acquisition of Northern Foods in 2011.
I have very much enjoyed my time at 2 Sisters Food Group..." - Lord Allen.
The transition will take place early this year, a spokesman confirmed.
Owner and president of Boparan Holdings, Ranjit Singh Boparan, said: “I have very much enjoyed working with Charles and would like to thank him for his wise counsel, support and leadership over the last 9 years.
“I am delighted we have been able to attract Richard to the chairman role and I look forward to working with him. His knowledge, skills and experience of the sector will be invaluable as we continue to transform the business.”
I have long admired 2 Sisters and I am very excited to be taking over the Chairman role." - Richard Pennycook.
Lord Allen of Kensington said: “I have very much enjoyed my time at 2 Sisters Food Group and working with Ranjit and Ronald Kers, the CEO. They are a formidable team and I wish them continued success with the business.”
Richard Pennycook is one of the UK’s leading retail figures. He was previously the CEO of the Co-op Group from 2014 and led the transformation of the business.
He is also the chairman of the British Retail Consortium and the lead non-executive board member at the Department of Education.
Richard Pennycook said: “I have long admired 2 Sisters and I am very excited to be taking over the Chairman role. I look forward to working with Ranjit and Ronald to further build and strengthen the Group.”