Greggs’ chief financial officer  Richard Hutton is set to retire and step down from the board on 31 December 2026.

Hutton has worked at the food-to-go retailer for 28 years and served for 20 years on the board.

Greggs has appointed Ben Waldron as the next CFO and executive director effective on 1 January 2027.

Waldron will join the business as CFO-designate and executive director from 27 October 2026.

Waldron brings years of experience in the food industry to the role, having worked for fresh food manufacturer Bakkavor Group for over 14 years where he held multiple leadership positions.

He served as CFO, group strategy director, CEO of Bakkavor Asia and CEO of Bakkavor USA during his time at the company.

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Matt Davies, chair of Greggs, said: “On behalf of the board, I look forward to welcoming Ben to Greggs as CFO. 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.’’

Hutton and Waldron are set to work together over the handover period so the business has an orderly transition before he retires from the company at the end of the year.

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.”