Owner of 2 Sisters chicken processing firm steps down as chief executive after 25 years
2 Sisters Food Group owner Ranjit Singh Boparan has stepped down as chief executive of the company (Image: PA Wire)
By Scunthorpe Telegraph | Posted: 1 Mar 2018
The owner of the Two Sisters Food Group, which employs more than 2,000 people across Scunthorpe and Grimsby, has stepped down as chief executive after 25 years.
Ranjit Singh Boparan, 51, whose wealth is estimated at £544 million, will now take up the post of president of Boparan Holdings Limited, the parent company.
Mr Boparan, who bought a Scunthorpe hicken processing factory in 2000, going on to add Grimsby's Five Star Fish to the portfolio a decade later, said: "I am fully committed to building a better, more transparent business, modernising our company and simplifying our operations.
"I want to take a broader industry leadership role and concentrate more on the issues and challenges that affect not only our business, but also the food sector in general such as Brexit, social responsibility and sustainability.
"These changes are the right ones to make at a very important stage in our business’s history and they help secure strong foundations for future development and growth.
"These are further major transformative steps in a journey to build a better business with a world-class leadership team."
The Two Sisters site in Scunthorpe, which employs 1,200 people
A process has been put in place to find his successor as chief executive for the Two Sisters Food Group, considering external and internal candidates.
Martyn Fletcher, in his capacity as chief operating officer, will be responsible for the operations of the business until a formal appointment has been made.
'Offshore wind is spinning round a 40 year story of decline' - major investor's take on Grimsby's latest addition
East Yorkshire's new Siemens factory gets 1.5bn deal to build London Underground trains