CEO departure and succession plan

Princes

19/05/2026 12:00

RNS Number : 9164E

Princes Group PLC

19 May 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER ASSIMILATED REGULATION (EU) NO. 596/2014 WHICH IS PART OF THE LAWS OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)

 

FOR IMMEDIATE RELEASE

 

 

 

19 May 2026

Princes Group plc

("Princes", the "Group" or "the Company")

 

CEO departure and succession plan

 

The Board of Princes Group plc (LSE: PRN), a leading international platform in the United Kingdom and European food and beverage sector, announces that Simon Harrison is stepping down as Chief Executive Officer and board director with effect from 30th June 2026 in order to pursue a new opportunity. Simon has served the Group for five years, including the last two years as Chief Executive Officer.

 

The Board has commenced a formal succession process to appoint a permanent Chief Executive Officer. In the meantime, Giuseppe Mastrolia, currently Chief Commercial Officer and Executive Board Director, has been appointed as Interim Chief Executive Officer with effect from 1st July 2026.

 

Giuseppe joined the Group in July 2024 as a board director following the acquisition of Princes by NewPrinces and was appointed Chief Commercial Officer last Autumn. Since becoming Chief Commercial Officer, Giuseppe has been based at the Group's headquarters in Liverpool and has played an important role in the development and execution of the Group's commercial strategy. He also brings significant executive leadership experience, having served as Chief Executive Officer of NewPrinces Group for the past nine years.

 

The Board confirms that the Group continues to trade in line with expectations.

 

Angelo Mastrolia, Chairman, said: "On behalf of the Board, I would like to thank Simon for his contribution and leadership of the Company through the integration of Princes and especially during the transition to a publicly listed company on the London Stock Exchange. We wish him well for the future."

 

Simon Harrison said: "Princes is well positioned for the future and I look forward to seeing its continued success. It has been a privilege to lead a great British business during a period of exciting change and I would like to thank the Chairman, the Board and all of the Princes employees for their support."

 

This announcement has been issued by, and is the sole responsibility of, Princes Group.

The person responsible for making this announcement is Benedetta Mastrolia (Director of Investor Relations).

 

 

Enquiries

 

For further information, please contact:

Princes Group plc
investors@princesgroup.com
Benedetta Mastrolia, Investor Relations Director
Barabino and Partners UK
(Financial PR communications)
princes@barabino.co.uk
+44 (0) 7542846844
Georgia Colkin / Caroline Merrell
+44 (0)7852 210329

 

 

Princes Group plc

Princes Group is a leading international platform in the United Kingdom and European food and beverage sector. The Group operates across five business units: Foods, Fish, Italian, Oils, and Drinks and holds leading positions in both branded and customer own brand products.

 

The Group's branded portfolio includes well-known, trusted brands such as Princes, Napolina, Branston, Batchelors, Flora, Crisp 'N Dry, Delverde, Plasmon, Naked Noodle, and Vier Diamanten.

 

By combining industrial expertise with long-standing supply partnerships, Princes Group is a trusted partner to a diverse range of blue-chip customers, including major food retailers, B2B partners, and the foodservice industry, reaching over 8,000 clients globally and exporting to more than 60 countries.

 

Headquartered in Liverpool, UK, Princes Group generated £1.92 bn pro forma revenues in the year ended 31 December 2025, employs approximately 7,800 people and operates 24 production facilities across the United Kingdom, continental Europe, and Mauritius, supported by 21 warehouses and distribution centres and three offices in the UK, Poland, and the Netherlands.

 

With a strong production network, the Group is well-positioned for future growth, consistently delivering quality, innovation, and reliable supply across multiple categories, while upholding its commitment to excellence and long-term customer relationships.

For more information, visit www.princesgroup.com.

 

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