Young’s Seafood has appointed Tim Busby as its new chief financial officer.
He will replace Malcolm Lofts, who is retiring from the role on 31 December. Lofts will continue to support the company in an advisory capacity.
Busby joins the fish processor having worked in the food and consumer industry for 18 years, including stints in Germany, France, and Portugal.
A director at Hallmark responsible for finance, Busby previously held the position of group finance director at Orangina Schweppes for six years.
He has also held numerous senior finance roles across Cadbury Schweppes.
Young’s Seafood said Busby would further strengthen its executive leadership.
“Tim’s extensive financial and international experience at director level will be extremely valuable as we look to execute our long-term growth strategy,” said Young’s Seafood CEO Bill Showalter.
“It is our belief that a fish-loving nation is a happier and healthier nation, and we look forward to introducing Young’s to more markets around the world.
“I would also like to thank Malcolm Lofts for his valued contribution to Young’s. 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.”
Busby will take over the role on 2 January 2018.
“I’m delighted to be joining the team at Young’s Seafood,” added Busby.
“Young’s is a business with a high capability and a reputation for quality across multiple categories supplying into the retail and foodservice sectors. 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.”