Finsbury Food Group has announced that Raymond Duigan joined as a non-executive director last week.
The manufacturer of cakes, breads and morning goods said Duigan had extensive industry experience, having set up a specialist investment bank Stamford Partners, in the mid-1990s, which advised the European food and drink industries.
Clients included Unilever, Nestlé, Mars, Pepsico, Sara Lee, and United Biscuits as well as a range of smaller businesses such as Green & Black’s, Jordans, Innocent and Ella’s Kitchen, as well as leading private equity firms.
He retired from Stamford Partners in 2012, and is currently a member of the Advisory Boards of Tate & Lyle Ventures, the venture arm of the FTSE100 group, which invests globally in the food ingredients and food technology sectors, and also Active Private Equity which invests in the European consumer sector.
Duigan assumes the position and duties of Ian Farnsworth, who has retired after over 15 years of service as a group non-executive director.
John Duffy, chief executive of Finsbury Food Group, said: “The significant track record that Raymond has in not only the consumer and food industries, but also the banking sector will be a significant asset at this point in Finsbury’s development.
“Further to the work that the board has done to provide the group a solid platform to grow upon, this appointment firmly puts acquisitive growth back on the agenda for Finsbury.”