Greggs announced that chief financial officer Richard Hutton will retire and step down from the board at the end of 2026 after 28 years with the company. Former Bakkavor executive Ben Waldron will join on October 27 as CFO-designate and take over fully on January 1, 2027. Shares fell roughly 3% to 5% on the news, reflecting investor concerns that Hutton's exit comes as the bakery chain faces slower growth, cost pressures, and a weakened share price. Hutton helped oversee Greggs' transformation from a traditional bakery into a modern food-on-the-go business. Waldron brings over 14 years of experience at Bakkavor, including roles as CFO and CEO of its Asia and U.S. operations, along with 12 years at Ernst & Young.
Greggs PLCCFO retirement raises investor concerns amid slower growth and cost pressures
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