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United Biscuits has announced the appointment of Nick Bunker, the current president of Kraft Foods UK & Ireland, as chief executive of its recently separated snacks business, which is to be re-named KP Snacks. He will join the business on 1 September.
Bunker has been running the Kraft and Cadbury business in the UK & Ireland for the last four years with a current turnover of over £2bn. He is said to have been pivotal in the integration of Cadbury to Kraft and has a track record of growing and developing various business operations. He began his career with Mars Confectionery, and then worked with United Biscuits’ International Division and Terry’s of York.
David Fish, Non-Executive Chairman of UB, said, "Nick brings a wealth of experience to the new role as CEO of KP Snacks. We are very pleased he has decided to join our team and look forward to his leadership as we continue to grow the business and capture more opportunities in this dynamic product category."
The newly separated snacks business is the second largest bagged snack company in the UK with leading brands such as McCoy's, Hula Hoops, KP Nuts and Skips, together with a range of other well known products such as Phileas Fogg, Space Raiders, Nik Naks and Wheat Crunchies.
UB said the business has shown consistent top and bottom line growth for the last five years. It added: “This product category remains dynamic currently growing at 6% per annum and the UB Board see substantial growth opportunities both in the UK and Internationally. The new CEO, together with the recently appointed dedicated management team, will provide the focus to move this business to its next level”.
UB’s owners, buyout firms Blackstone Group and PAI Partners, are said to have
split the snacks business from its biscuits division in preparation for a
potential sale of the business –
see here
NamNews - Tuesday 7th August 2012
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