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Young’s Seafood welcomes new CFO


Young's Seafood has appointed a new chief financial officer, Tim Busby, who was chosen following a comprehensive and competitive search process.

The company stated: ‘Tim joins the UK’s leading fish and seafood business to further strengthen the executive leadership as it focuses on the delivery of the business’s strategic objectives.’

He succeeds Malcolm Lofts, who will retire from the role, and as a board member, at the end of the year, but will continue to support the company in an advisory capacity.

Busby has extensive UK and international experience, in Germany, France and Portugal. He has worked in the food and consumer facing industries for 18 years.

He currently holds a directorship at Hallmark, where he is responsible for the finance and strategy of the international group of companies with a total turnover of £300 million.

Bill Showalter, chief executive at Young’s, said, ‘I’m pleased to announce Tim Busby is joining Young’s Seafood to support the delivery of the business’s strategic objectives.

‘Tim’s extensive financial and international experience at director level will be extremely valuable as we look to execute our long-term growth strategy.

‘It is our belief that a fish loving nation is a happier and healthier nation, and we look forward to introducing Young’s to more markets around the world.

‘I would also like to thank Malcolm Lofts for his valued contribution to Young’s. During his time in the business, Malcolm has been instrumental in seeing Young’s through many important phases on our journey to becoming the UK’s number one fish and seafood business.’

Busby, who take up his post on January 2 next year, said, ‘I’m delighted to be joining the team at Young’s Seafood.

‘Young’s is a business with a high capability and a reputation for quality across multiple categories supplying into the retail and foodservice sectors.

‘The company is making significant progress in executing its strategic plan and I am very much looking forward to playing a role in driving the business forward.’


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