Birds Eye Iglo boss Martin Glenn has turned down the chance to lead Premier Foods, according to media reports.
The highly rated Glenn was “sounded out by headhunters” acting for Premier chairman Ronnie Bell, according to Sky News. But Glenn opted to stay with the frozen food group rather than take over from Robert Schofield as chief executive of the debt-laden conglomerate.
In May, The Grocer reported that Glenn had emerged as a potential candidate for the top job at the Hovis maker. Among internal candidates, chief operating officer Tim Kelly is regarded as the frontrunner.
News of Glenn’s decision represents a fresh blow to Premier after the company last week issued a profits warning, following a spat with Tesco over pricing that cost it £10m in lost sales.
Delistings by Tesco push Premier into profit alert (1 July 2011)
The Grocer Power 100 (21 May 2011)
Exit Schofield: now the City awaits a recovery strategy (analysis; 7 May 2011)