vic boss Paul Moody [pictured] will become the new CEO of Food Freshness Technology (FFT) on 21 October, marking an exciting new era of global development for this fast-growing materials group.FFT’s Chairman, Peter Sugarman, said that "Paul’s long and successful track-record in the food and beverage industry, most recently at FTSE250 plc Britvic, will bring invaluable momentum and connections to keep developing our offer and international customer base.”
In a statement released by FFT, Moody himself said that the move "may surprise some commentators but it’s a fantastic new challenge for me. FFT’s business area is both commercially exciting and immensely important, at a time when food waste, food security and basic nutrition are key issues to tackle.”
Paul, 56, has worked in the food industry since 1982. At Britvic between 1996 and 2013, serving as CEO from 2005, he led a period of dynamic growth and development including the company’s successful IPO in 2005 and a business transformation programme.
Paul created a strongly international perspective for this historically UK-centric company, establishing via franchise and licensing a global footprint for Britvic’s owned brands, as well as acquiring the soft drinks business of C&C Group in Ireland, and Fruité Enterprises in France. Paul’s departing legacy to shareholders was a +77% share-price increase (vs. +12% FTSE All Share) and a Total Shareholder Return (TSR) of +129% (vs. 43% FTSE All Share).
