Chairman Nigel Foster is to leave now, while his brother, managing director Tony Foster, will act in a consultancy role.
Private equity company 3i has invested £5m in the business and is bringing in Stuart Robinson as chairman, Mike Thorn as group managing director and Sue Garfitt, previously Britvic director of category planning, as managing director.
The existing sales director, Les Hoare, operations director Robin Lambert and finance director Chris Neville will remain.
Food and confectionery supplier Fosters has recently expanded through the acquisitions of Home Recipe Foods, Wilson’s Fine English Foods, Sweetworld, The Foodfinders and Chambers Candy Company.
The new team plans to build on this, further developing distribution channels and product range at the food and confectionery supplier. Garfitt said: “We see this as a great platform on which to build and expand.”