Investing.com — SSP Group shares fell 0.7% today after the company announced that its long-time financial director, Mr. Davies, to leave the company. He will be succeeded in June 2025 by Geert Verellen.
Mr. Davies, who has been instrumental in SSP’s growth and diversification into several high-growth markets since 2004, will continue to play a significant role in the company until December 2025.
His extended engagement aims to ensure a smooth handover to Mr. Verellen, who brings extensive experience from executive positions at listed food and retail companies, including Maple Leaf Foods and Walmart (NYSE: ).
Barclays (LON:) commented on the transition, saying: “While SSP remains a complex business, we see limited transition risk as Mr Davies will remain on the board until September 2025, after which he will continue in his role as deputy chief executive until December 2025, enabling a smooth transition.”
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