Young’s Seafood hires chief financial officer

Busby – currently international finance director at Hallmark Cards – brings 13 years of experience in the food industry to his new role, including 6 years as finance director for Orangina Schweppes.

Previously, Busby held a number of senior finance roles at Cadbury Schweppes and Cadbury Trebor Bassett.

Commenting on his appointment, Busby said: “I’m delighted to be joining the team at Young’s Seafood. Young’s is a business with a high capability and a reputation for quality across multiple categories supplying into the retail and foodservice sectors.

‘Driving the business forward’

“The company is making significant progress in executing its strategic plan and I am very much looking forward to playing a role in driving the business forward.”

Busby is to succeed Malcolm Lofts, who will retire from the role and as a member of the board on December 31 this year, after more than 30 years working in the food industry. Lofts will continue to support the company in an advisory role.

Welcoming Busby to the company, Young’s chief executive Bill Showalter added: “Tim’s extensive financial and international experience at director level will be extremely valuable as we look to execute our long-term growth strategy.

‘Financial and international experience’

Showalter also thanked Lofts for his contribution to the company: “During his time in the business, Malcolm has been instrumental in seeing Young’s through many important phases on our journey to becoming the UK’s number one fish and seafood business.

His leadership, counsel and friendship is greatly appreciated both within the business and in the industry as a whole.”

Meanwhile, earlier this month, bakery ingredients manufacturer Real Good Food announced a number of changes to its board of directors, a week after issuing a profits warning as the company’s shares fell to their lowest value since 2010.