Investing.com — Shares of SSP Group fell 0.7% today after the company announced the departure of its long-serving chief financial officer, Mr Davies. Geert Verellen will succeed him in June 2025.
Mr. Davies, who has been instrumental in SSP’s growth and diversification across several fast-growing markets since 2004, will continue to play a significant role within the company until December 2025.
His extended involvement is intended to ensure a smooth handover for Mr. Verellen, who brings extensive experience gained in leadership positions at publicly traded food and retail companies, including Maple Leaf Foods and Walmart (NYSE:).
Barclays (LON:) commented on the transition saying: “While SSP remains a complex business, we see limited transition risk given that Mr Davies will remain a member of the board until September 2025, and will then continue his role of Deputy CEO until December 2025, therefore allowing for a smooth transition.
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