Bolton had helped Addo grow from strength to strength and earned the respect and endorsement of her colleagues, clients and fellow board members, said the company, which produces chilled savoury pastry products. Her constant focus on the needs of the group had played a central role in driving significant improvements and increasing turnover, it added.
Peters will continue to be actively involved in Addo Food Group, serving a non-executive role while handing over the day-to-day operations.
“In any corporation, there comes a time when you need to reflect on your current structures and ways of working in order to propel the business going forward," said Peters. "I am honoured to be announcing Bolton as the new CEO and wish her huge success in her role.”
Commenting on her appointment, Bolton said: “It will be a huge privilege to lead the Addo Food Group, a business with great heritage across its brands and a bright future. Our focus will remain on being category leaders and serving our customers, suppliers, staff and stakeholders to continue to develop long-term growth.
“I am proud to be leading a company that encourages progression and ambition amongst its employees and challenges industry standards with successful female-led teams. I’d also like to extend my gratitude to Chris for his remarkable leadership and look forward to working closely with him during this transition.”
Addo Food Group brands include Pork Farms, Wall’s and Bowyers. It employs 2,500 people across six UK sites: Tottle Bakery, Riverside Bakery, Spalding Bakery, Palethorpes Bakery, Poole Bakery and Dorset Foods.