Hilton Food Group has announced a leadership change with the departure of Steve Murrells as CEO. The decision, announced by the group, which operates internationally in the meat, seafood, and ready-meal processing and packaging segments, is effective immediately.
In a statement, Hilton Foods explained that "the board of directors and Steve have agreed that this is the right time to begin the search for a new leader to lead the company into its next phase of development." Murrells will provide transition support through the end of December 2025.
The board appointed Mark Allen, currently non-executive chairman, as executive chair. This internal appointment ensures continuity of governance at a challenging time for the sector. "Mark has significant experience in the food and consumer goods industries, and in managing listed companies, and will provide solid leadership as the board evaluates CEO succession," the group stated.
Despite market pressures and a "still challenging" operating environment, Hilton Foods reiterated that the company is in a robust financial position. The board confirmed its confidence in the group's long-term prospects, emphasizing that expectations for the fiscal year ending December 28, 2025, remain in line with the guidance provided in the November 11 update.
The selection process for a new CEO will begin in the coming weeks. In the meantime, leadership will be in the hands of Allen, who is responsible for ensuring operational stability and continuing to strengthen the group's international operations.
