FDBusiness.com

Tulip Starts Next Phase in Turnaround Under New Leadership

 Breaking News
  • Discovery, Plant-Based and Alternatives Lead the Top Ten Trends For 2019 Targeting increasingly adventurous consumers, set on new discoveries and experiences, will be key to developments in the food and beverage industry in 2019. The connected world has led consumers of all ages to become more knowledgeable of other cultures, contributing to 35 percent growth of “discovery” claims, when comparing 2017 and 2016 new product launch [...]...
  • Pearse Lyons Brewery to Open New Facility at Historic Irish Site Alltech Beverage Division Ireland (ABDI) has made an announcement about the planned opening of a new brewery at the historic site of the old MacArdle Moore Brewery in Dundalk. The new Pearse Lyons Brewery will incorporate the relocation of the Station Works Brewery in Newry, which was acquired by the late Dr. Pearse Lyons in [...]...
  • WRAP Comes Up With Winning Formula to Tackle Milk Waste A new report from the UK’s leading sustainability experts WRAP shows for the first time the scale of milk wastes across the food chain, from processing to our homes, and highlights ways we can significantly reduce the 330,000 tonnes of total milk lost each year, worth more than £150 million. Milk waste in the home is [...]...
  • Samworth Brothers Launches New Fitness-focused Ready Meal Range With Innovative Identity by Brandon Leading British food manufacturer Samworth Brothers is launching a ground-breaking range of ready meals to appeal to everyday athletes, with brand identity and packaging by design consultancy Brandon. Responding to an increasing consumer demand for healthier convenience options, the meals, which come in three variants – Cajun Chicken, Turmeric Chicken and Pad Thai Chicken – are [...]...
  • Premier Foods Shows Resilience Premier Foods has reported a 1.3% increase in group revenue to £358.0 million and a 6.2% rise in trading profit to £51.0 million for the 26 weeks ended 29 September 2018. The group’s largest brand, Mr Kipling, was key to this growth following an excellent consumer response to its relaunch in the UK with revenues [...]...

Tulip Starts Next Phase in Turnaround Under New Leadership

Tulip Starts Next Phase in Turnaround Under New Leadership
June 13
09:53 2018

Danish Crown has announced that Steve Francis is stepping down from his position as CEO of Tulip Ltd as the UK business kicks off the next step of its turnaround programme. Danish Crown CEO and Chairman of Tulip Ltd Jais Valeur will take on the role of Executive Chairman of Tulip Ltd.

Steve Francis was appointed as CEO of Tulip Ltd in September 2016. Since then he has led the company in the successful implementation of phase one of a long-term business transformation.

Under Steve’s leadership, Tulip Ltd has undergone a full restructure into four dedicated divisions – Tulip Agriculture, Tulip Fresh, Tulip Food Company (UK) and Dalehead Foods – and completely rebuilt its senior team, with around 50% of the top 60 directors and senior managers new to the business.

Jais Valeur.

A key achievement has been the return to profit of the Tulip Food Company (UK) division, which is made up from the business’ food processing sites, while last year’s acquisition of Easey Holdings cemented Tulip Agriculture’s position as the leading high welfare pig farming operation in the UK.

In a planned move following the successful completion of the first phase of the business transformation, Danish Crown CEO and Chairman of Tulip Ltd Jais Valeur will take on the role of Executive Chairman of Tulip Ltd, working with the Tulip Ltd Executive Team in the day to day running of the business.

Jais Valeur says: “Steve leaves Tulip Ltd in a far stronger state than when he arrived and I would like to personally thank him on behalf of the Danish Crown Board for his outstanding contribution. Customer relationships are back to health and their confidence in our business has been restored. Employees are much more engaged in the strategic direction of the business and we have strong governance and leadership in place across all four divisions. And, critically, Tulip has moved on from recording significant weekly losses to much improved trading performance.”

Jais Valeur adds: “We are now moving into the next, lengthier phase of Tulip’s turnaround programme, which is to rebuild the customer portfolio we lost over previous years and restore Tulip’s position as the UK industry leader. My role will be to work with the Executive Team within Tulip Ltd to ensure we continue on the journey we have embarked upon ourselves and leverage for our customers all the opportunities we have through closer co-operation within the wider Danish Crown group, in order to deliver world class performance levels.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements