UK's Hilton Food Chief Executive to Step Down

Britain's Hilton Food said on Tuesday Steve Murrells is stepping down as its chief executive officer, with Mark Allen transitioning to an executive chair role, as the meat and seafood supplier considers CEO succession.

The company has faced severe operational challenges in its seafood division and persistent inflation, leading to a profit warning and a share price drop earlier this month, as it also tackles restrictions on U.S. shipments from its Greek facility.

The company on Tuesday reiterated its warning that growth is likely to be challenging...

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