Greggs chief exec to step down

Greggs has announced that chief executive Ken McMeikan, is leaving the group to take up the position of chief executive of Brakes Group.

Mr McMeikan has agreed with the board that he will stay in his role whilst a successor is appointed; this will be announced “in due course”.

Derek Netherton, chairman of Greggs, said “We are very grateful to Ken for the valuable contribution he has made to Greggs. He has led the company through the major changes that have put us in a strong position for the future with a clear strategy for growth in a difficult environment. We wish Ken well in his new role.”

Mr McMeikan said: “It has been a great honour to lead Greggs since 2008. It is a wonderful company with fantastic people and I am enormously proud of all that we have achieved together. There are many exciting growth opportunities ahead for the business and the team are well placed to deliver them.”

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