REG - Princes Group PLC - CEO departure and succession plan

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RNS Number : 9164E  Princes Group PLC  19 May 2026

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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 30(th) 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 1(st) 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                          princes@barabino.co.uk

 (Financial PR communications)                     +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
(http://www.princesgroup.com/) .

 

END

 

 

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