Directorate Change - Chief Financial Officer

24 March 2020

Greencore Group plc

Directorate Change - Chief Financial Officer

The Board of Greencore Group plc ('Greencore' or the 'Group') is delighted to announce today the appointment of Emma Hynes as Executive Director and Chief Financial Officer with effect from 19 May 2020.  The appointment of Emma follows the announcement last month of Eoin Tonge's departure from Greencore in May 2020.  

Emma has held a number of senior finance roles during her career, including more latterly as Chief Financial Officer of Press Up Entertainment Group.  Prior to joining Press Up Entertainment Group in 2019, Emma spent over 11 years with Greencore in a variety of finance leadership roles. Emma's most recent role at Greencore was Group Finance Director where she led a large finance function responsible for financial reporting, financial planning and analysis, financing and capital management, treasury, tax, strategic finance projects, and corporate activity.  In order to ensure an orderly transition, Emma will join Greencore as Chief Financial Officer Designate on 6 April 2020. 

Emma holds an MBA from Dublin City University and is a Fellow of the Institute of Chartered Accountants, Ireland. 

Speaking of the appointment, Patrick Coveney, CEO of Greencore Group said:

"We are delighted that Emma is returning to Greencore having gained invaluable experience with an external company.  Emma was an outstanding finance leader during her tenure with us and has an in-depth knowledge of both the Group and the food and beverage sector. I greatly look forward to working with her."

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

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.