CEO departure and succession plan

The Board of Princes Group plc (LSE: PRN), a leading international platform in the United Kingdom and European food and beverage sector, announces that Simon Harrison is stepping down as Chief Executive Officer and board director with effect from 30th June 2026 in order to pursue a new opportunity. Simon has served the Group for five years, including the last two years as Chief Executive Officer.

The Board has commenced a formal succession process to appoint a permanent Chief Executive Officer. In the meantime, Giuseppe Mastrolia, currently Chief Commercial Officer and Executive Board Director, has been appointed as Interim Chief Executive Officer with effect from 1st July 2026.

Giuseppe joined the Group in July 2024 as a board director following the acquisition of Princes by NewPrinces and was appointed Chief Commercial Officer last Autumn. Since becoming Chief Commercial Officer, Giuseppe has been based at the Group's headquarters in Liverpool and has played an important role in the development and execution of the Group's commercial strategy. He also brings significant executive leadership experience, having served as Chief Executive Officer of NewPrinces Group for the past nine years.

The Board confirms that the Group continues to trade in line with expectations.

Angelo Mastrolia, Chairman, said: "On behalf of the Board, I would like to thank Simon for his contribution and leadership of the Company through the integration of Princes and especially during the transition to a publicly listed company on the London Stock Exchange. We wish him well for the future."

Simon Harrison said: "Princes is well positioned for the future and I look forward to seeing its continued success. It has been a privilege to lead a great British business during a period of exciting change and I would like to thank the Chairman, the Board and all of the Princes employees for their support."

This announcement has been issued by, and is the sole responsibility of, Princes Group.

By combining industrial expertise with long-standing supply partnerships, Princes Group is a trusted partner to a diverse range of blue-chip customers, including major food retailers, B2B partners, and the foodservice industry, reaching over 8,000 clients globally and exporting to more than 60 countries.

Headquartered in Liverpool, UK, Princes Group generated £1.92 bn pro forma revenues in the year ended 31 December 2025, employs approximately 7,800 people and operates 24 production facilities across the United Kingdom, continental Europe, and Mauritius, supported by 21 warehouses and distribution centres and three offices in the UK, Poland, and the Netherlands.

For more information, visit www.princesgroup.com.