Tulip is changing its CEO and takes another step to the future
Steve Francis has stepped down from his position as CEO of Tulip Ltd as the business kicks off the next step of its turnaround programme, announced Danish Crown, owner of Tulip.
Francis is replaced by Jais Valeur, who will take on the role of Executive Chairman of Tulip while maintaining his positions as Danish Crown CEO and Tulip Ltd. Chairman.
Steve Francis was named Tulip'S CEO in September 2016 and under his management the company has undergone a full restructure into four dedicated divisions - Tulip Agriculture, Tulip Fresh, Tulip Food Company (UK) and Dalehead Foods - and completely rebuilt its senior team, with around 50% of the top 60 directors and senior managers new to the business.
A key achievement has been the return to profit of the Tulip Food Company (UK) division, which is made up from the business’ food processing sites, while last year’s acquisition of Easey Holdings cemented Tulip Agriculture’s position as the leading high welfare pig farming operation in the UK.
The next step in the turnaround programme is to be done under the direct supervision of Jais Valeur who will work closely with the Tulip Ltd Executive Team in the day to day running of the business, mentioned Danish Crown in a press release.
"Steve leaves Tulip Ltd in a far stronger state than when he arrived and I would like to personally thank him on behalf of the Danish Crown Board for his outstanding contribution.
Customer relationships are back to health and their confidence in our business has been restored. Employees are much more engaged in the strategic direction of the business and we have strong governance and leadership in place across all four divisions. And, critically, Tulip has moved on from recording significant weekly losses to much-improved trading performance.
We are now moving into the next, lengthier phase of Tulip’s turnaround programme, which is to rebuild the customer portfolio we lost over previous years and restore Tulip’s position as the UK industry leader", declared Jais Valeur.
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