Shares at sandwich giant Greencore dip as Coveney resigns

The boss of Greencore is set to leave after more than a decade at the helm of Britain’s biggest sandwich maker.

The Times reports that Patrick Coveney, brother of Irish foreign minister Simon Coveney, will start at catering company SSP in March.

Greencore, which supplies all major supermarkets plus 10,000 smaller shops, said its search for a new chief executive would start immediately.

In the meantime, its non-executive chairman Gary Kennedy will be appointed executive chairman from the end of March.

READ MORE: Big 4’s sandwich supplier bounces back after Covid chaos

Shares dipped sharply today to around the 122p mark, Greencore’s worst performance since July.

In its latest trading update in October, when the manufacturer announced that Q4 revenue had soared 27 per cent, shares stood around 138p.

Coveney is the second high-profile departure to be announced this week.

Earlier today, Lidl GB head Christian Härtnagel revealed he was moving to the discounter’s German arm and being replaced by his deputy, Ryan McDonnell.

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