Young’s Seafood Limited has today announced the appointment of Tim Busby as Chief Financial Officer following a comprehensive and competitive search process. Tim joins the UK’s Number 1 Fish and Seafood business to further strengthen the executive leadership as it focuses on the delivery of the business’s strategic objectives.

With extensive UK and international experience, in Germany, France and Portugal, Tim has worked in the food and consumer-facing industries for eighteen 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 £300m, comprising businesses in the UK, Europe, Asia-Pacific and the USA. Tim previously worked for six years with the Orangina Schweppes Group as Group Finance Director and prior to this undertook a number of senior finance roles across Cadbury Schweppes. Throughout his time as Finance Director at these firms he played a key role in driving and delivering financial targets, with a strong focus on cost management, negotiating new distribution agreements, as well as establishing reporting and strategic planning process.

Tim is to succeed Malcolm Lofts as Chief Financial Officer who will retire from the role, and as a Board Member, on 31 December 2017. Malcolm will continue to support the Company in an advisory capacity, post his retirement from his full-time role, on a range of topics where he has extensive experience.

Bill Showalter, Chief Executive of Young’s Seafood Ltd, 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 1 Fish and Seafood business. His leadership, counsel and friendship is greatly appreciated both within the business and in the industry as a whole.”

On his appointment, Tim 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.”

Tim’s appointment will take effect on 2nd January 2018.