Bakkavor Group plc announced that Agust Gudmundsson, the Group's Chief Executive Officer Co-founder, has confirmed his intention to retire with effect from 31 October 2022. Agust, who founded the business 36 years ago with his brother and Group Board member Lydur Gudmundsson, will remain a significant shareholder of the Company and become a Non-executive Director on the Group Board. The Board to appoint Mike Edwards, Bakkavor's current Chief Operating Officer, UK, as Agust's successor.

Mike will start as Group Chief Executive Officer on 1 November 2022. Mike joined Bakkavor in 2001 and was promoted into a series of challenging and demanding roles before becoming Chief Operating Officer, UK, in 2014. His leadership of the UK business has been exceptional and his insight and commercial experience has made an invaluable contribution to the Group Board, which he joined in December 2020.