Richard Pennycook has been selected to become the new chairman of 2 Sisters Food Group, succeeding Chairman Lord Charles Allen, who is retiring from the business.
The change in leadership was announced by the board of 2 Sisters Food Group’s parent company of 2 Sisters Food Group, Boparan Holdings Ltd. The chairmanship is a non-executive role.
Richard Pennycook’s experience
Pennycook is one of the United Kingdom’s leading retail figures. He was previously the CEO of the Co-op Group from 2014 and led the transformation of the business.
He is also the chairman of the British Retail Consortium and the lead non-executive board member at the Department of Education.
He will assume the role in early 2020.
“I am delighted we have been able to attract Richard to the chairman role and I look forward to working with him,” said Ranjit Singh Boparan, owner and president of Boparan Holdings. “His knowledge, skills and experience of the sector will be invaluable as we continue to transform the business.”
Pennycook said: “I have long admired 2 Sisters and I am very excited to be taking over the chairman role. I look forward to working with Ranjit and Ronald to further build and strengthen the Group.”
Lord Charles Allen’s tenure
During almost nine years in the non-executive chairman role, Allen has helped steer the company since its acquisition of Northern Foods Ltd in 2011 to the successful, diversified food manufacturer it is today.
Lord Allen will be succeeded in early 2020 by retail industry heavyweight Richard Pennycook.
Boparan said: “I have very much enjoyed working with Charles and would like to thank him for his wise counsel, support and leadership over the last nine years.
Lord Allen of Kensington said: “I have very much enjoyed my time at 2 Sisters Food Group and working with Ranjit and Ronald Kers, the CEO. They are a formidable team and I wish them continued success with the business.”
