6 Finsbury Food Group Annual Report & Accounts 2016


The Directors


From hands-on expertise to fresh thinking


Peter Baker Non-Executive Chairman


Peter joined the Board on 1 July 2014 and is Chairman of the Nomination Committee. Peter has over 30 years’ senior CEO and Board level experience within the global bakery and consumer packaged goods industry. He also chairs another Board and is a Non-Executive Director in one other business. Peter held the  Bakery from 2009 to 2013, moving into this  where he was the CEO. Prior to these roles, Peter held COO and Divisional Managing Director positions at RHM in the Consumer Brands, British Bakeries and Cereals Divisions (including Rank Hovis Mills). Peter was previously a Non-Executive Director at Jordan’s Cereals, now a part of Associated British Foods. He has also served as Vice President of CIAA (a European trade association for food and drink) and was on the Executive Board of FDF the UK Food and Drink Federation.


Edward Beale Non-Executive Director


Edward was appointed as a Director on 29 August 2002. He is a chartered accountant and was a member of the Accounting Standards Board and subsequently the Accounting Council of the FRC for 6 years to August 2013. He is a member and former Chairman of the Quoted Companies Alliance’s Corporate Governance Committee. He is Chairman of Marshall Monteagle Plc, the Chief Executive of City Group Plc, and a Non-Executive Director of a number of other quoted companies. He sits on both the Audit and Remuneration Committees. He has announced his intention to step down from the Board at the conclusion of the November 2016 AGM.


Stephen Boyd Group Finance Director


Steve was appointed Group Finance Director in January 2010. Steve has spent 21 years in the food manufacturing sector and previously was Group Finance Director at Golden Wonder, subsequent to that he was Group Finance   at both Golden Wonder and WT Foods.


 


John was appointed CEO of Finsbury Food Group  a year as interim COO, and has led the turnaround of an indebted Group with a market capitalisation of only £6m in 2009 to the restructured and fast growing £150m+ market cap growth business  operational improvements and new leadership throughout the Group as well as both a business disposal and several acquisitions. The acquisition of Fletchers Bakery Group for £56m in 2014 delivered a step change in scale to £300m+  growing ‘out of home eating’ channel.


Following an engineering degree, John’s early career was in the oil industry in exploration and production with Shell International. John then completed a full-time MBA at the University of Strathclyde Business School before enjoying 10 years at Director-level in manufacturing and logistics roles at Mars, the global FMCG business. This was followed by private equity experience within the portfolio investments of  as Operations Director at crisps and snacks manufacturer Golden Wonder and Managing Director of WT Foods’ largest chilled foods subsidiary, Noon Products, before and after its sale to Kerry Foods.


John has Non-Executive experience in both start-up and established businesses including Denby the household pottery manufacturer.


Raymond Duignan Non-Executive Director


Raymond was appointed to the Board in July 2013. He has extensive industry experience having set up a specialist investment bank, Stamford Partners, in the mid-1990s advising the European food and drink industries with clients including many blue chip companies. He is currently a Non-Executive Director of Science in Sport Plc, where he chairs the Audit Committee, and is a member of the Advisory Board of Active Private Equity Partners, the consumer focused investment group. He is Chairman of both the Audit and Remuneration Committees.


Marnie Millard Non-Executive Director


Marnie was appointed to the Board on 1 February 2016. Marnie is currently Group Chief Executive of Nichols Plc, an AIM listed branded soft drinks group, serving both the UK retail and out of home channels, as well as achieving international sales across 70 countries. Marnie joined the Nichols group in October 2012 as MD of Vimto Soft Drinks. She has worked in the soft drinks industry for the last 20 years in a number of senior roles  She was appointed Nichols Plc Group Chief Executive in May 2013.


Paul Monk Non-Executive Deputy Chairman


Paul was appointed to the Board on 9 December 2002 and elected as joint Deputy Chairman in February 2007, he is a member of the Nomination Committee. He has extensive experience in the food manufacturing industry,  and his other experience includes roles with Marks & Spencer and the Mars Corporation. He also holds other Non-Executive roles within the food industry. He has announced his intention to step down from the Board at the conclusion of the November 2016 AGM.


Zoe Morgan Non-Executive Director


Zoe was appointed to the Board on 4 July 2016. Zoe has 15 years Executive Director experience  services businesses, including the role of Group Marketing Director of The Co-operative Group, HBoS Retail and Boots UK. Zoe has developed a broad commercial background in multi-site, retail, manufacturing and service businesses, with key strengths in strategy, brand management and customer relationship management. For the last 8 years she has held a portfolio of Non-Executive Directorships and is currently a Board member of Moss Bros and Kind Consumer.


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