Findus Group Appointment of Chief Financial Officer

Findus Group is pleased to announce the appointment of Mr William (Bill) J. Showalter as Chief Financial Officer with immediate effect.

Bill was most recently with Starwood Hotels and Resorts where he spent 7.5 years as Senior Vice President Finance, Europe, Africa, and Middle East (EAME). EAME is Starwood’s largest international division with approximately 250 hotels. Bill led a team of in excess of 1000 people across a variety of finance and IT-related functions with a focus on growth, investment, integration of acquisitions and impactful strategic planning

Prior to Starwood, Bill held various roles in an 18 year career at the global food business HJ Heinz, for four of which, he was their European Chief Financial officer for Heinz’s European operations. This business operated across 15 markets and had multibillion $ revenues. Of particular relevance to his forthcoming job at Findus was his role in the late 90’s where he was Deputy Managing Director/Finance Director of Heinz European Seafood. During his tenure sales grew 57% and margins improved by 5% points. He also led the acquisition of John West Foods, the then leading tuna supplier in the UK.

Bill is a US citizen and is a Certified Public Accountant. Bill succeeds Steve Leadbeater who will remain with the business to affect an orderly and thorough handover.

James Hill, Chief Executive of Findus Group said: “Bill was the outstanding candidate in our wide ranging search for a successor to Steve Leadbeater. We welcome him to the Company and look forward to him joining the high quality management team already in place.”

Bill Showalter commented: “I am extremely excited to be joining Findus. It is a major player in the markets in which it operates. It has a long history, strong heritage, market leading brands and a high quality customer base. It has huge potential. I have been involved in the food business for the majority of my career and multi brand European food businesses are where the bulk of my experience lies. I look forward to working with the entire Findus team in helping Findus reach its potential and creating value for all its stakeholders.”

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