The board of 2 Sisters’ parent company, Boparan Holdings Ltd, revealed that chairman Lord Charles Allen of Kensington has decided to retire from the business and will be replaced by former Co-op CEO Richard Pennycook.
During almost nine years in the non-executive chairman role, Lord Allen has been in the role for almost nine years and has been credited with steering 2 Sisters since its acquisition of Northern Foods Ltd in 2011 to the business it is today.
Lord Allen will step down from the role in early 2020. He said: “I have very much enjoyed my time at 2 Sisters Food Group and working with Ranjit and Ronald Kers, the CEO. They are a formidable team and I wish them continued success with the business.”
Owner and president of Boparan Holdings Ranjit Singh Boparan said: “I have very much enjoyed working with Charles and would like to thank him for his wise counsel, support and leadership over the last nine years.
“I am delighted we have been able to attract Richard to the Chairman role and I look forward to working with him. His knowledge, skills and experience of the sector will be invaluable as we continue to transform the business.”
Pennycook was previously the CEO of the Co-op Group and the chairman of the British Retail Consortium as well as the lead non-executive board member at the Department of Education.
On his new role, Pennycook said: “I have long admired 2 Sisters and I am very excited to be taking over the Chairman role. I look forward to working with Ranjit and Ronald to further build and strengthen the Group.”