date:Jan 18, 2013
James Hill, chairman of Unilever's EUR 1.2 billion Italianbusiness, has jumped ship to become chief executive officer ofthe Findus Group.
Findus and its larger rival Iglo, manufacturer of Birds Eye fishfingers and also owned by private equity, had both been trawlingfor leaders at difficult times for their respective businesses.
Lion Capital, which owns Findus, was among the private equitybuyers drawn to frozen food by its stable cash flow andreputation for being relatively recession-proof. It