Jan 6, 2022
Greggs appoints new chief executive
UK baker Greggs has appointed a new chief executive, with retail and property director Roisin Currie to replace Roger Whiteside in the top job. Chair Ian Durant said that Currie, who joined Greggs from Asda in 2010, "Has deep experience of our culture and our strategic plan" and would "Lead with energy and character". Greggs posted £1.2bn in total sales for 2021, 5.3 per cent higher than in 2019, helped by the opening of 131 shops in the past year. In a fourth-quarter trading update on Thursday, Greggs said that the emergence of the Omicron variant of coronavirus had proved "Challenging" for its 2,181 shops, but that a strong performance in October helped it reach a 0.8 per cent increase in like-for-like sales compared with the same quarter in 2019. Greggs will make an additional payout to shareholders of £30m-40m in 2022, saying it planned to maintain its "Progressive dividend policy".
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