Nomad Foods is appointing two new presidents for parts of its business in Europe.
The frozen-food group’s recently installed CEO said the moves will “sharpen our commercial execution”.
Jon Fernandez de Barrena is joining the Iglo brand owner next week as president of the company’s operations in southern Europe.
In the newly created role, Fernandez de Barrena – who joins after two years as CEO of Alvinesa Natural Ingredients –will lead Nomad’s businesses in markets including France, the Netherlands, Italy and Spain.
The company plans to appoint a president to head its operations in central Europe “later this year”, it said in a statement.
The role will oversee Nomad’s commercial operations in the Nordic and DACH markets.
CEO Dominic Brisby, who took the helm at the Birds Eye products maker in January, said: “These appointments represent an important step as we continue to strengthen our focus and unlock the full potential of our markets across Europe. Both roles will help sharpen our commercial execution, enhance agility and create greater alignment between our local teams, our brands, and our long–term strategic priorities.”
In February, Nomad guided to another year of falling sales and profits after 12 months of lower underlying sales and earnings.
Organic sales were down 1.9% at €3bn ($3.54bn) complete with a volume reduction of 1.4% and a 0.5% drop in price/mix. Reported sales revenue fell 2.2%.
Nomads Foods expects organic revenue to decrease by 2-5% in fiscal 2026 in what Brisby said in February will be a “transition year as it enacts numerous changes to strengthen the organisation, improve fundamental performance and unlock meaningful value-creation potential”.
Adjusted EBITDA dropped 7.5% last year to €523m and is projected to mark-up a decline of 5-10% in the new financial year.
Adjusted EPS was down 6.7% at €1.66. Nomad forecasts the metric will fall another 4-13% to a range of €1.45 to €1.60.
“Nomad Foods makes exec changes in Europe” was originally created and published by Just Food, a GlobalData owned brand.
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