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Nomad Foods Announces Departure of CFO

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Nomad Foods Announces Departure of CFO

Nomad Foods Announces Departure of CFO
June 09
09:18 2017

Nomad Foods, the international frozen foods group, has announced that Chief Financial Officer Paul Kenyon has resigned to accept another opportunity outside of the food industry. Paul Kenyon has been CFO with the company for five years, joining in 2012 as CFO of Iglo Group and then CFO of Nomad Foods since 2015. He will continue to serve in his current role until August and will remain on the board as a Non-Executive Director following his departure. The company has commenced an external search for his replacement.

Stefan Descheemaeker, CEO of Nomad Foods, says: “On behalf of everyone at Nomad Foods I would like to thank Paul for his significant contributions to the company and wish him success in his new opportunity. I am particularly grateful for his personal support since I joined as CEO two years ago. Paul has built a talented team around him and leaves behind an organization that has made great strides, as evidenced by our return to organic revenue growth and recently raised revenue, EBITDA and cash flow guidance for 2017.”

Paul Kenyon remarks: “My tenure at Nomad Foods has been extremely rewarding on both a professional and personal level. I am proud of our many accomplishments, particularly the last two years as we listed on the NYSE, integrated the acquisition of Findus and laid a foundation for long-term sustainable growth. I look forward to seeing the company execute against strategic plans while, in the near-term, building on the strong top-line momentum it has experienced thus far in 2017.”

Nomad Foods produces, markets and distributes brands in 17 countries and has the leading market share in Western Europe. The company’s portfolio of leading frozen food brands includes Birds Eye, iglo, and Findus.

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