Ex-Hovis boss joins UK rival Jacksons [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Jenkins will join Jacksons, a division of William Jackson Food Group, as managing director on 14 September. Group director Adrian Hipkiss will work as interim managing director in the meantime. Jenkins has more than 30 years of experience in the FMCG sector. He was CEO of Hovis from October 2022 until September last year, stepping down after another UK baker, Associated British Foods, struck a deal to acquire the business from private-equity firm Endless. The acquisition, announced in August, remains subject to approval by the UK's Competition and Markets Authority. In January, the companies requested the regulator to accelerate the review process of their proposed merger. The Kingsmill and Sunblest brand owner plans to integrate Allied Bakeries with Hovis to “create a profitable UK bread business that is sustainable over the long term”, after flagging in April that the division was facing a “very challenging market”. Jenkins also led ABF's Allied Bakeries division for fo
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