Spearhead International Limited and Paine & Partners LLC. Announcement.
Spearhead International Ltd (Spearhead) is announcing some important changes to its senior leadership, all effective from 3rd October 2016.
Tomasz Zdziebkowski, who is currently Spearhead's Chief Operating Officer Central Europe, will become Chief Executive Officer (CEO) of the Company.
Tom Green, Spearhead's current CEO, will continue both as a Non-Executive Director of Spearhead and as Chairman of Greens of Soham, Spearhead's UK subsidiary. He will be involved as an adviser in the further development of the Company's strategic plan, led by Tomasz Zdziebkowski and the Board. In addition, and consistent with Paine & Partners' (P+P) strategy to build long term relationships with proven senior leaders in the food and agribusiness sector, Tom Green will become an Operating Director for P+P.
John Atkin, Spearhead Chairman, commented: "I am delighted with these changes. Under Tom Green's leadership Spearhead has grown significantly and, following the Company's acquisition by P+P in 2015, a strategy has been developed to create additional value as an integrated food and agriculture company. It is important that we will continue to benefit from Tom's experience and capabilities as a non-executive director of Spearhead. Tomasz Zdziebkowski joined Spearhead at the Company's creation in 1995. He has been instrumental in developing Spearhead into a leading primary producer in Central Europe and under Tomasz's leadership the first acquisitions were made in upstream seed multiplication activities and downstream food processing operations."
W. Dexter Paine, Chairman and CEO of P+P, said "It is great to promote from within the Spearhead organization and to take advantage of the excellent succession planning that has been established at all levels of the business under Tom Green's leadership. Tomasz has been Tom Green's right hand man throughout the Company's development, and he is uniquely well placed to take on the CEO role as the Company enters a new phase of ambitious strategic growth. Tom Green's continued involvement with the Company is welcomed and we are pleased to see him join our Operating Director network where his experience and track record will be invaluable."
About Spearhead: Spearhead International Ltd is a leading integrated food and agriculture company in Europe. Headquartered in the UK, Spearhead operates over 80,000 hectares of farming across the UK, Poland, the Czech Republic, Slovakia and Romania. The Company employs approximately 2,000 people and, in addition to its farming operations, it has extensive involvement with 'upstream' multiplication and distribution of seeds, as well as 'downstream' operations in value added food processing and supply management for customers, and renewable energy.
About Paine & Partners: Paine & Partners is a private equity firm that focuses on the large and growing food and agribusiness sectors. With over 20 years of experience, in addition to Spearhead, P+P's portfolio includes AgBiTech, Eurodrip, Scanbio, Suba Seeds, Verdesian Life Sciences and Meadow Foods; and recent divestments include Costa Group and Sunrise Growers.