Hilton Food, a UK-based food supplier, has appointed former Co-operative Group CEO Steve Murrells as its new CEO, according to an announcement made on Wednesday. Murrells will be succeeding Philip Heffer in the position.
Hilton Food, a British supplier of meat and ready-to-eat meals to supermarkets, has confirmed that Steve Murrells, former CEO of Co-operative Group, will take over as the company’s new CEO starting from July 3. Murrells will be succeeding Philip Heffer, who has been the CEO of Hilton Food since 2018, as announced by the company.
Before being appointed as the new CEO of Hilton Food, Steve Murrells served as the CEO of Co-op Group, the parent company of Britain’s seventh-largest supermarket chain, for five years. He stepped down from the role last year.
Hilton Food has revealed that Steve Murrells, their new CEO, has a longstanding connection with the company dating back almost 30 years. According to the company’s statement, Murrells was one of Hilton Food’s first customers and commercial partners during his time at Tesco.
Hilton Food has reported a 3.3% decline in its annual adjusted operating profit, which amounted to £71.1 million (around $89 million), citing inflationary challenges in its seafood business. The announcement of a management change coincided with the company’s report on its financial performance.
On Wednesday, Co-Op Group confirmed that it will maintain its operating profit at £100 million for 2022, despite facing inflationary pressures. This announcement was made independently from Hilton Food’s report, which disclosed a 3.3% decline in its annual adjusted operating profit.