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SSP Group plc ( (GB:SSPG) ) just unveiled an announcement.
SSP Group plc has announced a significant change in its executive leadership as Jonathan Davies, the longstanding Deputy Chief Executive and Chief Financial Officer, plans to retire after 20 years of service. Geert Verellen, with extensive experience in international consumer and food companies, will succeed him as the Chief Financial Officer, joining the Board in June 2025. This transition is expected to ensure continuity and support the company’s strategic goals, including the execution of the planned IPO for its joint venture in India. The leadership change signifies a new chapter for the company, potentially strengthening its financial operations and reinforcing its market position as a global leader in the food travel industry.
More about SSP Group plc
SSP Group plc is a leading global operator of food and beverage outlets in travel locations, employing around 49,000 people across 3,000 units in 37 countries. The company specializes in operating a diverse range of food and drink outlets in airports, train stations, and other travel hubs, offering sit-down and quick service restaurants, bars, cafés, lounges, and food-led convenience stores. SSP focuses on delivering exceptional taste, value, quality, and service while promoting sustainability in the food travel sector.
YTD Price Performance: -2.55%
Average Trading Volume: 1,486,945
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.41B
For detailed information about SSPG stock, go to TipRanks’ Stock Analysis page.
