EG Group, the operator of a global network of convenience stores, foodservice outlets, and fuel stations, has announced the immediate appointment of Mark Segal as Group Chief Financial Officer.
Segal brings 35 years of experience in finance and operations to the role and will report directly to Chief Executive Russ Colaco.
In his previous role, Segal spent 20 years at Spin Master Corp., where he played a key part in the company’s IPO in 2015.
During his tenure at Spin Master, Segal led the finance division to drive profitability by developing business strategies and ensuring the company met all IPO requirements.
Chief Executive of EG Group, Russ Colaco, said: “I am delighted that Mark is joining us as our Chief Financial Officer. We have clear plans in place for growing the EG business, and I look forward to working with Mark to deliver on them.”
Segal has also held senior leadership positions including Vice President of Finance and Chief Financial Officer at Husky Injection Moulding Systems, as well as Chief Operating Officer at Canada Goose.
Mark Segal, chief financial officer of EG Group, added: “I look forward to working with Russ and the team to capture the significant growth opportunities EG is targeting.
“EG has been at the forefront of developing an innovative and customer-focused offering, and I believe that my extensive international experience in both public and private companies will help ensure that the finance function supports the growth strategy.”
This latest C-suite appointment follows a leadership change in April, when Asda co-owner Mohsin Issa stepped down as Chief Executive and was succeeded by former Chief Financial Officer Russ Colaco.
In May, EG Group reported a decline in first-quarter profits, despite strong growth in its food service division.
