Nomad Foods makes exec changes in Europe

Nomad Foods is appointing 2 caller presidents for parts of its concern successful Europe.

The frozen-food group’s precocious installed CEO said the moves volition “sharpen our commercialized execution”.

Jon Fernandez de Barrena is joining the Iglo marque proprietor adjacent week arsenic president of the company’s operations successful confederate Europe.

In the recently created role, Fernandez de Barrena – who joins aft 2 years arsenic CEO of Alvinesa Natural Ingredients –will pb Nomad’s businesses successful markets including France, the Netherlands, Italy and Spain.

The institution plans to name a president to caput its operations successful cardinal Europe “later this year”, it said successful a statement.

The relation volition oversee Nomad’s commercialized operations successful the Nordic and DACH markets.

CEO Dominic Brisby, who took the helm astatine the Birds Eye products shaper successful January, said: “These appointments correspond an important measurement arsenic we proceed to fortify our absorption and unlock the afloat imaginable of our markets crossed Europe. Both roles volition assistance sharpen our commercialized execution, heighten agility and make greater alignment betwixt our section teams, our brands, and our long–term strategical priorities.”

In February, Nomad guided to different twelvemonth of falling income and profits aft 12 months of little underlying income and earnings.

Organic income were down 1.9% astatine €3bn ($3.54bn) implicit with a measurement simplification of 1.4% and a 0.5% driblet successful price/mix. Reported income gross fell 2.2%.

Nomads Foods expects integrated gross to alteration by 2-5% successful fiscal 2026 successful what Brisby said successful February volition beryllium a “transition twelvemonth arsenic it enacts galore changes to fortify the organisation, amended cardinal show and unlock meaningful value-creation potential”.

Adjusted EBITDA dropped 7.5% past twelvemonth to €523m and is projected to mark-up a diminution of 5-10% successful the caller fiscal year.

Adjusted EPS was down 6.7% astatine €1.66. Nomad forecasts the metric volition autumn different 4-13% to a scope of €1.45 to €1.60.

"Nomad Foods makes exec changes successful Europe" was primitively created and published by Just Food, a GlobalData owned brand.

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