Newcastle-based Greggs said its chief financial officer (CFO) Richard Hutton has informed the board of his intention to retire from the role and step down from the board after 28 years with the company.

Greggs also announced the appointment of Ben Waldron as its new CFO and an executive director of the company.

Prior to joining Greggs, Waldron worked for fresh prepared food business Bakkavor Group, where he held a number of senior leadership roles.

“He was Chief Financial Officer and also held senior operational roles as Group Strategy Director, Chief Executive Officer of Bakkavor Asia and Chief Executive Officer of Bakkavor USA,” said Greggs.

“Since leaving Bakkavor, Ben has been based in Australia working across a portfolio of advisory roles. Before joining Bakkavor, Ben spent 12 years with Ernst & Young, where he was an Audit, Advisory and Transaction Director.”

Waldron will join Greggs plc on October 27, 2026, as CFO-designate. He will assume the role of CFO from January 1, 2027. Hutton will remain CFO and executive director until December 31, 2026.

Greggs chair Matt Davies said: “On behalf of the board, I look forward to welcoming Ben to Greggs as Chief Financial Officer. He will join the business at an exciting stage in its continued development.

“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.

“I would also like to thank Richard for his outstanding commitment and leadership over many years. Since joining the Board in 2006, he has played a central role in the development of the business and supported a period of significant growth. We are grateful that he will remain with Greggs to support an orderly handover before his retirement at the end of 2026.”

Gregs CEO Roisin Currie said: “Richard has been a trusted colleague, and I have greatly valued the partnership we have built over many years.

“His contribution to Greggs has been outstanding, and he will leave with the warmest thanks and very best wishes from everyone across the Company. I am also looking forward to welcoming Ben to Greggs and look forward to working with him as we continue to deliver our ambitious strategic plans.”

Waldron said: “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.”