Findus chief leaves on a high

MATTHIEU Lambeaux, CEO of Findus Southern Europe, has decided to leave the company after 15 years.
He is to pursue his outside entrepreneurial ventures.
James Hill, chief executive of Findus Group, which also owns Grimsby based Young’s Seafood, said: ‘As a Findus executive for the last 15 years, and CEO of Findus Southern Europe for the last nine  years, Matt has been instrumental in the creation and  development of Findus Southern Europe.
‘Under Matt’s leadership the company has overcome challenging competitive and market circumstances to grow its revenues from 70 million to 300 million euros, to strengthen its market share and deliver consistent profitability.’
Hill said the company had seen significant investment in its core French business and led the market with the adoption of the firm’s ethical stance towards responsible fishing and the suppression of palm oil.
The company had also recently acquired and integrated Lutosa of Belgium and La Cocinera of Spain into the Findus Southern Europe family.
‘Matt leaves behind a strong leadership team and a business characterised by its innovation, speed and agility,’ said Hill.
‘We would like to thank Matt for his contribution and to wish him the best in his future career.
‘Findus Southern Europe is a leading brand in its markets and we have a number of exciting plans for innovation and further growth across Southern Europe.’
A successor as CEO of Findus Southern Europe will be announced in due course.
Findus Group recently reported operating cash flow of £67 million and EBITDA of £91 million for the year ending 2014, up four per cent on the previous year, on a constant currency basis.
Last year was Findus Group’s second year of positive constant currency growth and the group continues to be optimistic for the financial year ending 2015.