Revealing his intention to retire, Hutton will leave the Newcastle-based bakery chain on 31 December after an extensive 28-year stint with the company, of which he has spent 20 years as a member of the board.
Greggs has named former Bakkavor Group CFO Ben Waldron as his successor, effective 1 January 2027.
Waldron spent more than 14 years with the food manufacturer, working in a variety of leadership roles across international markets, including as CEO of its Asia region, as well as CEO and president of its US business.
According to Greggs, Hutton and Waldron will collaborate during the handover period to facilitate a smoother transition.
“On behalf of the board, I look forward to welcoming Ben to Greggs as CFO. He will join the business at an exciting stage in its continued development,” said Matt Davies, chairman of Greggs.
“His strong financial and commercial expertise, together with his experience in senior operational leadership roles within an international food manufacturing business, will be an invaluable asset to Greggs.”
Having first joined the baked goods manufacturer in 1998, Hutton has helped oversee one of the most significant periods in the company’s near 90-year history, as it pivoted away from manufacturing and re-focused almost entirely on the food-to-go market.
As a result, Greggs is now the undisputed bakery-to-go leader in the UK market, with more than 2,500 locations around the country, dwarfing its nearest competitors Gail’s and Wenzel’s.
Waldron added: “I am delighted to be joining Greggs, a great British brand with a strong culture and exciting opportunities for continued growth.
“I look forward to working with Matt, Roisin, the board and the wider Greggs team to support the next stage of the company’s development.”
