Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Hilton Food shakes up management to focus on 'high-growth regions'
(Sharecast News) - Hilton Food Group has announced a boardroom shakeup as it continues to refocus operations on "high-growth regions" amid an ongoing challenging trading environment.
Non-executive director Samy Zekhout has stepped down from the board to take up a newly created senior leadership role as chief operating officer for the West region of the business, overseeing operations in the UK, Ireland, Netherlands, Denmark, Sweden, Portugal. He will also take on the Canada region some time in the future.
Melanie Chambers, currently the head of Hilton's APAC region, has been appointed as COO for the East division, looking after operations in Australia, New Zealand, Asia, Poland and Saudi Arabia.
Non-exec Angus Porter, who had planned to step down at the company's AGM this year, has agreed to remain on the board "to ensure on-going stability and continuity to help support these changes".
The company also announced changes to its audit committee chair position, and has appointed a new director of investor relations.
The shakeup come just two months after CEO Steve Murrells stepped down from his position after two years, with non-exec chair Mark Allan appointed as executive chair to lead the company as it searches for a replacement.
At the time of Murrells' immediate departure, Hilton said current trading "remains challenging" though the company continued to be in a strong financial position.
Commenting on the latest boardroom shift, Allen said: "These changes strengthen our leadership across both established and high-growth regions while maintaining board continuity."
He added: "These organisational changes, alongside broader internal initiatives, position the group well to deliver its strategic objectives, which we look forward to sharing with you in due course."
A full-year trading update from the company is expected to be published on 29 January.
Shares were down 1.5% at 487p by 1045 GMT.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.