Hilton Food CEO Steve Murrells steps down under mutual agreement

Leadership Changes - Hilton Food Group CEO Steve Murrells is stepping down after two years, with the board stating it is the right time to search for a new leader [1] - Mark Allen will take over as executive chair while the board considers CEO succession, bringing significant experience in the food industry and public companies [2] Financial Position and Outlook - The company is in a strong financial position, but has downgraded its 2025 profit forecast and indicated a difficult outlook for the new financial year [3] - Current trading remains challenging, but no changes were made to the guidance provided earlier in November [3][6] International Expansion - Murrells highlighted the expansion of Hilton Food's international operations, including a manufacturing plant in Canada and a protein supply deal with Walmart [4] - The company has ambitions to expand into Australia and Southeast Asia, as well as a joint venture in Saudi Arabia for meat supply [5]