Jim Cane, Managing Director of the £300m Young’s Seafood business has announced that he will be retiring early next year after over 35 years in the UK grocery industry.
Jim joined Young's in early 2000 having completed the successful sale of UB's Frozen & Chilled business to Heinz. He has played a leading role in the rapid development of Young's and also in establishing Foodvest, Young's parent company, as one of Europe's leading food businesses.
Jim comments, “I made the decision some time ago to retire when the opportunity arose and the recent acquisition of the business by Lion Capital has provided a natural window for me to hand over the reins.”
He adds, “I've really enjoyed my time at Young's and, particularly, the last twelve months which has seen the Young's brand grow by an incredible 20%. But I'm leaving behind a great team and a business that's well positioned for the future and, anyway, it's now or never if I'm ever going to sort out my golf and get on the Seniors Tour!”
Per Harkjaer, Chief Executive, Foodvest, comments, “We will be very sad to see Jim go. He has made a major contribution to the business. I have been aware for some time of his wish to step down when the time is right and I fully understand his decision. The search is currently underway for Jim's successor.”
