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Leadership changes, Boparan Holdings Ltd and Boparan Finance plc

26 May 2023

Further to the announcement made in February, the Board of Boparan Finance plc and Boparan Holdings Limited (BHL), 2 Sisters Food Group’s parent company, can confirm that Group Chief Executive Officer Ronald Kers will formally leave the business on Friday May 26th 2023.

Following Mr Kers’ departure, and in line with succession planning arrangements, the Board is making the following changes to its leadership structure:

Current Non-Executive Chairman Richard Pennycook will now become Executive Chairman, effective from Monday 29th May. In his new executive position, Mr Pennycook will take full responsibility for our European Poultry operations.

BHL President Ranjit Singh will continue to run the UK Poultry and Ready Meals businesses, and CFO Craig Tomkinson will have responsibility for all central functions. Both will report directly to Mr Pennycook.

The existing non-executive board will remain unchanged: Mr Ian Ellis (chairman, audit committee) and Mr David Gregory (chairman, remuneration and safety & governance committees).

Richard Pennycook said: “I am very pleased to take up this new role at BHL and look forward to helping grow our company and getting closer to our day-to-day operations. We have a dedicated management team and together I know we can we move the business forward in the right direction.”

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