2 Sisters Food Group has announced the current group chief financial officer (CFO) Craig Tomkinson has decided to step down from his role and will be leaving the business in July.
Tomkinson has held the position of group CFO and board director for almost six years, working in total for the company for over a decade, and has decided on a career break before taking on new opportunities.
He will be officially handing over responsibilities at the start of April to new CFO Nigel Williams, after his full induction in March. Tomkinson will then focus on key projects from April until his official departure date later in the year, reporting as normal to chairman Richard Pennycook.
Williams has more than 20 years leading multi-site food and beverage retailers. Having relocated back to the UK last year, he spent the previous eight years in Australia as chief financial officer at Collins Foods. Prior to his role at Collins, he was finance director for Starbucks UK.
Tomkinson said: “I believe now’s the right moment for a career break. I will take on fresh challenges after a period of recharging my batteries with my family.
“I have had an incredible journey at 2 Sisters and I’m proud to have played a role in transforming the company. The priorities when I re-joined were to improve trading performance, reduce debt and the pension deficit, strengthen financial controls and rebuild the finance team, and I’m proud of the progress made.”
Executive Chairman Richard Pennycook added: “On behalf of the board, we would like to thank Craig for his significant contribution over the years and his considerable talents in helping transform 2 Sisters for the better. Craig has played a critical role in helping us to overcome some tough external challenges in recent years and setting us up for future success. We wish him and his family all the very best.
“We would also like to welcome Nigel to the board. He has a first-class track record in financial leadership roles and we look forward to working with him in taking the business forward to the next stage of its evolution.”