Irish baker McCambridge Group has appointed Gavin Cox to the newly created role of chief executive officer, with effect from 5 February.
Cox joined McCambridge in 2007 as group finance director. Previously, he was finance director of St Ivel’s food site at Minsterley, a circa £70 million business.
According to the company, McCambridge has performed on plan since the acquisition of Inter Link in July 2007, and the old Inter Link businesses have been placed on a sustainable financial footing.
Despite wheat prices rising by over 68% since August 2007, McCambridge has delivered consistently on budget figures for this year to date, it stated.
Cox commented: "I am loo-king forward to starting my new role and to playing a significant part in the continued success of the group. The first-rate management team that is already in place gives me an excellent platform to do so."
McCambridge is a Dublin-based private company that makes speciality breads and cake products with no additives.
Since 1999, McCambridge has acquired 10 speciality bread and cake firms. The three Irish acquisitions are Duggans Bakery, Gill’s Bakery and Cookes Bakery.
The seven UK acquisitions are WR & SV Hussey, West of England Bakeries, Plymouth Premier Bakeries and Plymouth Premier Pasties, Aldreds the Bakers, Queen of Hearts, Tredinnick Fine Foods and, most recently, Inter Link Foods.
McCambridge also acquired a large bakery in Poland, when it bought Inter Link and is using this as a springboard for further expansion into Europe.