Greggs (LSE:GRG) has announced the retirement of Chief Financial Officer Richard Hutton and named Ben Waldron as his replacement, with a handover structured across the final quarter of 2026.
Hutton, who joined the board in 2006 and has spent 28 years with the business in total, will remain CFO until 31 December.
Waldron joins on 27 October as CFO-designate and executive director before formally assuming the role on 1 January 2027.
Waldron brings more than 14 years at Bakkavor Group, the international fresh prepared food manufacturer, where he served as CFO and held senior operational roles including CEO of Bakkavor Asia and CEO of Bakkavor USA, as well as group strategy director.
Before Bakkavor, he spent 12 years at Ernst and Young as an audit, advisory and transaction director, and has more recently been working in an advisory capacity in Australia.
Chair Matt Davies said Waldron's "strong financial and commercial expertise, together with his experience in senior operational leadership roles within an international food manufacturing business, will be an invaluable asset to Greggs."
CEO Roisin Currie added that the business would work with Waldron to "continue to deliver our ambitious strategic plans."
The two executives will work alongside each other through the fourth quarter to ensure an orderly transition before Hutton's departure at year-end.
