New CEO for Iglo Birds Eye Frozen Foods Published: 03 October, 2006
PERMIRA has announced the appointment of Martin Glenn as CEO of Iglo Birds Eye Frozen Foods.
Martin Glenn will be the future CEO of the Iglo Birds Eye Frozen Foods business. Henry Schirmer was also named as the future CFO of this organisation. Both appointments will be effective as from completion, expected in November 2006.
Bernd Ellmann, currently Group Vice President of the Unilever Frozen Food business in Europe will ensure that the new team will have a successful start and thereafter takes on a new role in Unilever.
Glenn (46) is a 25-year veteran of the food industry, having worked for PepsiCo since 1992 and prior to that Mars Petcare business, including a two year assignment in Germany. His leadership of the UK snacks business, Walkers, counts as one of his most notable achievements, alongside his forming in 2003 a merger of all of PepsiCos UK operations (Tropicana, Quaker and Brand Pepsi).
Schirmer (42) has spent 16 years at Unilever and five years in the Frozen Foods business in both Germany and the UK where he is currently CFO.
In August 2006, Liberator Bidco Limited, a company funded by the Permira Funds, agreed to acquire Unilevers Frozen Foods Division in a 1.7 billion transaction. Iglo Birds Eye Frozen Foods is a pan-European business with a significant presence in the UK, Germany, Austria, Belgium, Netherlands, Ireland, France and Portugal. Turnover in 2005 was 1.2 billion.
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