Timo Recker is again Tindle Foods’ CEO after fellow co-founder Andre Menezes announced he was stepping down from the role.

Recker, the Singapore-based company’s executive chairman, had been CEO from its inception in July 2020 to May 2021, when Menezes, who had been COO, became chief executive.

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Menezes will remain a shareholder but said in a post on LinkedIn he was taking “some well-deserved personal time”.

He said: “Our journey, starting just three years ago, has been nothing short of exhilarating. The past years have been an unparalleled adventure – building something from scratch, nurturing it, and witnessing its remarkable growth and impact around the globe.”

Tindle Foods has raised $120m since the company was set up three years ago as Next Gen Foods. The business changed its name to align with its flagship Tindle brand earlier this year.

In June, the group sold a stake to German media group ProSiebenSat.1. The exact terms were not disclosed but the transaction – described at the time as a “media-for-equity deal” – was, the company said, “valued at eight figures” in euros.

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Germany is one of Tindle Foods’ three principal overseas markets alongside the US and the UK. The business is present in ten countries.

Recker is to relocate to Germany next month. Before setting up the then Next Gen Foods, he was the founder and CEO of another plant-based meat company, LikeMeat. That business was sold to meat-free group The Livekindly Collective in 2019.

In a statement, Recker said: “I am honoured to step back into the role of CEO at this stage in the Tindle journey as we double down on our commitment to increasing distribution for our products in both retail and foodservice. In this leadership position, I’m looking forward to bringing valuable insights and learnings on how to deliver new and innovative food products to global audiences, while also delivering on our mission to reduce our reliance on animal-based food systems.”

In March, Tindle Foods added to its portfolio with the acquisition of UK alt-dairy start-up Mwah!