Protein producer Hilton Food Group has announced that CEO Steve Murrells will step down from his position as chief executive officer.
The Hilton Food Group board, along with Murrells, has agreed that “now is the right time to search for a new leader”, with the change set to take place with immediate effect.
Murrells will reportedly be available for a period of transitional support until the end of December 2025.
Mark Allen, who is currently non-executive chair, has been appointed chair. Allen has experience within the food industry, customer goods industry and public companies, with Hilton claiming that he will “provide strong executive leadership” of the business while the board considers CEO succession.
The Group said it had remained in a “strong financial position”, with the board stating it is “confident” in its long-term prospects.
Hilton said that although current trading “remains challenging”, the board’s expectations for the financial year ended 28th December 2025 in line with guidance given in its previous trading update.
Mark Allen stated: “On behalf of the board, I would like to thank Steve for his important contribution to the Group and we wish him well for the future.”
Steve Murrells, outgoing CEO of Hilton Foods, commented: “Hilton Foods is a great business and I have been privileged to serve as its CEO. I’m particularly proud of the progress we have made in significantly expanding our international operations, most notably the expansion into Canada and Saudi Arabia. I would like to thank the Group’s hard working, dedicated people and wish them and the business all the best for the future.”
Hilton said details of remuneration arrangements in relation to Steve Murrells departure from Hilton Foods will be disclosed on the Group’s website in accordance with section 430(2B) of the Companies Act 2006.
