Finance
UK's Hilton Food chief executive to step down
Published by Global Banking and Finance Review
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
Hilton Food CEO Steve Murrells resigns amid operational challenges. Mark Allen to assume executive chair role as company addresses seafood division issues.
(Reuters) -Britain's Hilton Food said on Tuesday Steve Murrells is stepping down as its chief executive officer, with Mark Allen transitioning to an executive chair role, as the meat and seafood supplier considers CEO succession.
The company has faced severe operational challenges in its seafood division and persistent inflation, leading to a profit warning and a share price drop earlier this month, as it also tackles restrictions on U.S. shipments from its Greek facility.
The company on Tuesday reiterated its warning that growth is likely to be challenging, but said it remains in a strong financial position and annual performance is expected to be in line with its previous expectation.
Murrells has been at the helm for over two years and is expected to provide transitional support through the end of December as the company banks on Allen's varied experience in the food and consumer goods industry to drive leadership.
(Reporting by Nithyashree R B and Pushkala Aripaka in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu)
A profit warning is a statement issued by a company indicating that it expects to report lower profits than previously anticipated. This can affect investor confidence and stock prices.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. Central banks attempt to limit inflation to keep the economy running smoothly.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the relationships among the stakeholders and the goals for which the corporation is governed.
A share price is the price of a single share of a company's stock. It reflects the company's current market value and can fluctuate based on market conditions and investor sentiment.
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