Bakkavor Group announced on Thursday 29th September that the Group’s CEO and co-founder Agust Gudmundsson has confirmed his retirement, with effect from 31st October 2022.
Agust founded the business 36 years ago in 1986 with his brother and Group board member Lydur Gudmundsson. Agust will remain a shareholder of the Company and become a non-executive director on the Group’s board once he has retired.
The board has appointed Bakkavor’s current UK chief operating officer Mike Edwards as Agust’s successor, and Edwards will start as group chief executive officer on 1st November 2022.
Edwards joined Bakkavor in 2001 and was promoted into a series of roles before becoming UK chief operating officer in 2014.
Agust said: “After 36 years at the helm, I am incredibly proud of the Company we have built and the teams and people I have worked with during this time.
Speaking on Edwards’ appointment, Agust commended: “He has provided trusted counsel to me for over 15 years and has delivered both growth and stability in the most challenging of environments.”
Mike Edwards added: “Joining the business over 20 years ago as a manufacturing manager at one of our pizza factories, I never expected to have the honour of being appointed CEO of Bakkavor.”