Directorate and Committee Composition Changes

28 January 2020

GREENCORE GROUP PLC

("Greencore")

DIRECTORATE AND COMMITTEE COMPOSITION CHANGES

The Board of Greencore is delighted to announce the appointments of Ms. Helen Weir as Non-Executive Director with effect from 1 February 2020 and Mr. Paul Drechsler as Non-Executive Director  with effect from 1 May 2020.

Ms. Weir brings a wealth of knowledge and expertise to the Board having both executive and non-executive experience.   She currently serves as a non-executive director on the boards of Superdry plc, where is also senior independent director and a member of the audit, remuneration and nomination committees, Just Eat plc, where she is  audit committee chair and Cineworld where she is a member of the audit and remuneration committees.  

Ms. Weir previously served as a non-executive director at SAB Miller plc and Royal Mail Holdings plc and was chief financial officer at Marks & Spencer Group plc from 2015 to 2018 and finance director at John Lewis Partnership from 2012 to 2014.  

Mr. Drechsler is an experienced executive and non-executive director. He currently serves as chairman of Bibby Line Group where he also chairs its nominations committee. He is also chairman of the Advisory Board of Mentore Consulting, and London First.

Mr. Drechsler is a board member of the International Chamber of Commerce (UK), and previously served as President of CBI.   He was also senior non-executive director of Essentra Plc where he was chair of the remuneration committee and a member of the audit and nominations committees, he held Board and Executive positions at ICI plc and was both chair and chief executive officer at Wates Group.  

Commenting on the appointments, Mr. Gary Kennedy, Chairman of Greencore, said: "we are delighted that both Helen and Paul are joining the Board.  Their individual skills, as well extensive experience and expertise will be highly beneficial to both the Board and the Group." 

There is no further information to be disclosed pursuant to Listing Rule 9.6.13. 

Following the retirement of Mr. John Moloney at the conclusion of the Annual General Meeting scheduled for today, Ms. Sly Bailey, who currently serves as Senior Independent Director and Workforce Engagement Director, will assume the role of the Chair of the Nomination and Governance Committee.

Mr. Gordon Hardie who joins the Board with effect from 1 February 2020 will also join the Remuneration Committee and the Nomination and Governance Committee on the same day.  Ms. Helen Weir will join the Audit Committee with effect from 1 February 2020. 

Full details on committee membership are available on www.greencore.com.

For further information, please contact:

About Greencore

Greencore is a leading manufacturer of convenience food in the UK. It supplies grocery and other retailers including all of the major UK supermarkets. The Group has strong market positions in a range of categories including sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings.

On an annual basis, Greencore manufactures approximately 717 million sandwiches and other food to go products, 123 million chilled prepared meals, and 231 million bottles of cooking sauces, pickles and condiments. The Group carries out around 7,500 deliveries to stores each day.

Greencore has 21 production units in 16 world-class manufacturing sites in the UK, with industry-leading technology and supply chain capabilities. The Group also operates 2 ingredient trading businesses in Ireland. The Group employs c.11,500 people and is headquartered in Dublin, Ireland.

The Group's medium term financial ambitions are for mid single-digit organic revenue growth, high single-digit Adjusted EPS growth, the conversion of half of its Adjusted EBITDA to Free Cash Flow and for mid-teen ROIC.

For further information go to www.greencore.com or follow Greencore on social media.