26 September 2022
AB Sugar announces appointment of new Group Chief Executive
Dr. Mark Carr, Group Chief Executive of AB Sugar, has taken the decision to retire from the company.
He will be succeeded by Paul Kenward, who is currently Managing Director of British Sugar and a member of the AB Sugar senior leadership team.
Since becoming Group Chief Executive in 2004, Mark has overseen the transformation and diversification of the Group’s activities, making it the leading global sugar business it is today.
Commenting on the news, Dr Mark Carr said: “It has been a great honour to lead AB Sugar over the last 18 years. During this time, I have had the pleasure of working with a committed team of people, whose hard work and passion has helped to create one of the world’s leading sugar businesses. I am grateful to them, as I am to all of our stakeholders who have helped to build our business into the success it is today. I congratulate Paul on his appointment and having recruited and worked with Paul for many years, I’m very confident that under his leadership, AB Sugar will continue to prosper and build upon the resilience we’ve created to meet current and future challenges”.
Prior to his current role, Paul has been Managing Director of Westmill Foods, one of Associated British Foods’s Grocery businesses, as well as AB Sugar’s first Strategy Director, and Head of Business Development for ABF centrally. Paul has been Managing Director of British Sugar since 2016, leading the business through the EU sugar sector de-regulation in 2017, Brexit and the COVID pandemic. Focusing on being a supplier of choice, extending cost leadership and developing the breadth of its product portfolio, British Sugar has been consistently one of the most successful European sugar businesses[i].
Commenting on his appointment, Paul Kenward said: “Mark’s tenure as Chief Executive of AB Sugar has transformed the group and he will be a hard act to follow. That said, I am excited by the opportunity and look forward to getting to work to shape the next stage of AB Sugar’s development.”
Paul will take over the Group Chief Executive responsibility from the 3 October 2022 and Mark will remain with the company to support Paul until the end of 2022.
Image: Mark Carr (left) and Paul Kenward (right)
[i] LMC 2022 Report: Sugar & HFS Production Costs Global Benchmarking