It’s the dawn of a new era at 2 Sisters Food Group, after co-founder, owner and current CEO Ranjit Singh Boparan announced he would be stepping down after 25 years.
Singh will become president of Boparan Holdings Limited, the parent company of 2 Sisters.
2 Sisters said the process of finding a new CEO had started, and both internal and external candidates would be considered. Until a new CEO has been appointed, COO Martyn Fletcher would be in charge of day-to-day operations.
News of Singh’s decision comes after several turbulent months for 2 Sisters. Last year, the company was the subject of a high-profile investigation by the Guardian and ITV, which alleged food hygiene breaches at one of its chicken processing plants.
Singh subsequently appeared before MPs of the Efra committee, where he pledged “it is time to change” and promised a radical overhaul of the company’s processes and procedures. At the beginning of February, 2 Sisters announced a major restructure of its poultry business, involving the loss of 900 jobs.
Singh said today: “I am fully committed to building a better, more transparent business, modernising our company and simplifying our operations. I want to take a broader industry leadership role and concentrate more on the issues and challenges that affect not only our business, but also the food sector in general such as Brexit, social responsibility and sustainability.”
Charles Allen, Chairman of BHL said: “Ranjit has spent 25 years of his life building a world class food business. He has been a catalyst for change within the food industry, by challenging the norm and providing our customers and consumers with great service, great quality food, and great prices. In his new role, he will be playing to his strengths, looking at new opportunities and reducing debt that will help take the business to new levels of success.”
Singh added: “These changes are the right ones to make at a very important stage in our business’s history and they help secure strong foundations for future development and growth. These are further major transformative steps in a journey to build a better business with a world-class leadership team.”