Muntons welcomes new chair

Muntons, the Bridlington-based malt and malted ingredients manufacturer, has marked a record-breaking year by surpassing £20 million EBITDA for the first time, achieving the milestone ahead of schedule. 

The company also published its first integrated Annual Review & Sustainability Report, highlighting a 60 per cent increase in pre-tax profit over three years and significant progress in reducing emissions across its UK sites by 54 per cent since 2010.

At its AGM, Muntons appointed Chris Thomas as the new chair.

Chris brings extensive leadership experience from the food and dairy sectors, having served with major companies including PepsiCo, Mars and First Milk. 

He said: “In the almost two years that I’ve been a member of the Muntons’ Board, I’ve been hugely impressed with the business. 

“From its unwavering commitment to sustainability and reducing its environmental impact, to the continued investment in its people. 

“I’m immensely proud to have been elected as Chair and am looking forward to working with the whole Muntons team to help the business continue to thrive.”

Chris succeeds Paul Wells, who retired after 34 years on the board, including 12 as chair.

Mark Tyldesley, group managing director, added: “2024 was another strong year for Muntons. 

“After a record-breaking 2023, we were able to consolidate our growth and make strong progress for the years ahead. 

“Our focus last year was our people – we delivered a year-long programme aimed at upskilling team leaders, increasing technical skills and introducing new recognition initiatives and more transparent career progression.

“Paul’s departure marks the end of an era; his influence, leadership and strategic vision have been instrumental in shaping Muntons into the successful, forward-thinking company it is today. 

“As he concludes his remarkable tenure, and on behalf of the entire team, we extend our deepest gratitude and best wishes for his well-earned retirement. 

“I am now looking forward to working closely with Chris to continue to drive the business forward. 

“With a wealth of experience as both a chair and non-exec director, we are confident that Chris will be an incredible asset Muntons and will help to continue to strengthen the company for the years ahead.”

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