The managing director of Young’s Seafood, the UK’s largest branded seafood group, has announced his retirement.
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Jim Cane, who joined Young’s in early 2000, will retire early next year after around 35 years in the UK grocery industry.
Cane played a “leading role” in the development of Young’s and the establishment of Foodvest, Young’s parent company.
Foodvest chief executive Per Harkjaer Foodvest, said: “[Jim] has made a major contribution to the business. I have been aware for some time of his wish to step down when the time is right and I fully understand his decision. The search is currently underway for Jim’s successor.”
Cane added: “I made the decision some time ago to retire when the opportunity arose and the recent acquisition of the business by Lion Capital has provided a natural window for me to hand over the reins.”
Lion Capital, the UK-based private equity group, agreed a deal to buy Foodvest, which also owns the continental operations of frozen food group Findus, in July.
