Finance

Upper Crust owner SSP names CFO designate, deputy CEO to retire

Published by Global Banking & Finance Review

Posted on January 23, 2025

1 min read

· Last updated: January 27, 2026

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Geert Verellen appointed CFO designate at SSP Group, finance sector news - Global Banking & Finance Review
Image representing the appointment of Geert Verellen as CFO designate of SSP Group, owner of Upper Crust. This management change highlights significant shifts in the finance sector.
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(Reuters) - Upper Crust owner SSP said on Thursday Geert Verellen will join in early April as CFO designate, as current finance head and deputy CEO Jonathan Davies decided to retire after 20 years

SSP Group Appoints New CFO, Deputy CEO to Retire

(Reuters) - Upper Crust owner SSP said on Thursday Geert Verellen will join in early April as CFO designate, as current finance head and deputy CEO Jonathan Davies decided to retire after 20 years with the company.

Verellen will take on the role of CFO and join the board from June 9, 2025, and Davies will remain on the board until Sept. 30 and continue as Deputy CEO until the end of December 2025, London-based SSP said.

Verellen comes from Canadian consumer packaged goods maker Maple Leaf Foods, where he has been CFO for four years.

The management changes come over a month after the cafes, bars and restaurants operator said it was planning an initial public offering in India of airport lounge operator Travel Food Services, its venture with K Hospitality Corp.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu)

Key Takeaways

  • SSP appoints Geert Verellen as CFO designate.
  • Current CFO and Deputy CEO Jonathan Davies to retire.
  • Verellen joins from Maple Leaf Foods.
  • Davies will remain Deputy CEO until December 2025.
  • SSP plans IPO for Travel Food Services in India.

Frequently Asked Questions

What is the main topic?
The article discusses SSP's appointment of a new CFO and the retirement of the current Deputy CEO.
Who is the new CFO of SSP?
Geert Verellen has been appointed as the new CFO designate of SSP.
What are SSP's future plans?
SSP plans an IPO for its Indian venture, Travel Food Services.

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