BILL Showalter is to stay on as chief executive of Young’s Seafood, despite stepping down as a director of the company.
He has been at the helm of Britain’s largest seafood business since July 2016, first as interim chief executive and then as full chief executive in January 2017.
There had been some speculation about his future after he successfully completed the sale of Young’s back to the private equity company CapVest two weeks ago, and its tie up with the pork producer Karro Foods, also owned by CapVest simply on the grounds it was “job done”.
It was also fuelled by an announced posted on Companies House that he had resigned as a director on July 4th with Belgian Michael Kamiel Kestemont being appointed to the board.
But Young’s issued a statement last night clarifying the situation and said that he would continue to be chief executive of Britain’s largest seafood business and that Young’s was now poised to drive forward .
US born Showalter put Young’s on the market in April last year and steered through a number of initiatives such as the controversial closure of the Pinneys salmon business at Annan last year. But he has also helped Young’s drive up sales and taken the company’s products into North America.