Richard Pike - 2 Sisters

New group chief financial offer Richard Pike

Boparan Holdings, the parent of poultry giant 2 Sisters Food Group, has bolstered its management team with the appointment of two new board members.

Richard Pike will join 2 Sisters on 17 July as new group chief financial officer. He will also become a member of the Boparan Holdings board and report directly to CEO Ranjit Singh. Current chief operating officer Martyn Fletcher will also be elevated to the board from 1 July.

Pike has a 20-year track record in financial and corporate leadership roles, having previously worked for Associated British Foods as managing director of British Sugar, and prior to this held the role of group CFO for AB Sugar.

He has also served as group operations and finance director for Bridgemere and in CFO roles at Manchester Airport Group and Pilkington. Pike takes over from group CFO Stephen Leadbeater who has decided to step down due to personal reasons.

“I am delighted to welcome Richard to 2 Sisters. He joins at an extremely important time for the business, and I am confident he has the right pedigree and experience to help steer us to our next stage in developing a better business,” said Singh.

“I would also like to convey my thanks to Stephen Leadbeater for his hard work and commitment to the business over the past three years. I am very sorry he has decided to step down, but I wish him all the very best for the future.”

Pike said: “There are big challenges and opportunities at 2 Sisters and I am extremely happy to be joining Ranjit and his team.

“There are clearly many big hurdles the food sector has to overcome, but the potential of a business so wide-ranging and significant as 2 Sisters is a truly exciting prospect.”

2 Sisters chairman Lord Allen of Kensington, said: “These are two very important appointments and I welcome both Richard and Martyn to the board.

“Richard is a high-calibre finance chief with a broad level of experience, which will stand him in very good stead as the business rises to the many external challenges in a changing world and fast-moving marketplace.

“His new board colleague Martyn has made great progress in his 18 months at the business and I look forward to working even more closely with him in the future.”

Last week, the group welcomed back Prys Morgan as 2 Sisters head of livestock procurement at its Merthyr Tydfil site. He had spent a two-year spell at the Welsh red meat promotional and marketing body Hybu Cig Cymru.