Hilltop Food Group names Tom Delaney to newly created CEO role

Company Overview - Hilltop Honey has appointed Tom Delaney as the new CEO, aiming for a turnover of £100 million ($136.9 million) [1] - The company generated an annual turnover of £44.1 million in 2024, marking a 31% increase from the previous year [1][2] - Operating profit increased to £3.8 million from £667,927, while net income rose to £2.5 million compared to £308,289 a year earlier [2] Leadership Changes - Tom Delaney, previously the sales director, will lead the next stage of growth as the company targets new international markets [1][2] - Founder Scott Davies transitions to the role of executive chairman, emphasizing the strategic direction of the company [1][4] Growth Strategy - Hilltop Honey aims to grow its turnover from £50 million last year to £100 million as part of a five-year plan [3] - The revenue is currently split between 40% branded sales and 60% private label [3] Market Expansion - The company is exploring international markets, including the US, while also planning to enter new product categories such as peanut butter and condiments [5] - Hilltop operates two manufacturing facilities totaling 150,000 square feet in Newtown, Wales [5]