Princes Group CEO Simon Harrison is to step down from the helm of the UK-listed food-and-drink business.
In a regulatory filing today (19 May), the company said Harrison was leaving his position as chief executive and board director from 30 June “to pursue a new opportunity”
Harrison has worked at Princes for five years and was appointed CEO of the company in April 2024. The Branston brand owner has started its search for a new CEO and has named chief commercial officer and executive board director Giuseppe Mastrolia its interim leader, effective from July. Mastrolia joined Princes in July 2024 as a board director after the then Newlat acquired the UK group.
He has been chief commercial officer at Princes since the latter half of last year and has also been CEO of NewPrinces for the past nine years, the filing said. NewPrinces listed Princes on the London Stock Exchange at the end of October. Angelo Mastrolia, chairman of both NewPrinces and Princes said: “I would like to thank Simon for his contribution and leadership of the company through the integration of Princes and especially during the transition to a publicly listed company on the London Stock Exchange.