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Princes Group has announced that chief executive officer, Simon Harrison, will step down from his role and leave the board on 30 June 2026 to pursue a new opportunity.
His departure will mark a leadership transition period for the UK-based food and beverage business.
In a statement, the company said a formal process is now underway to appoint a permanent CEO. In the interim, Giuseppe Mastrolia, currently chief commercial officer and executive board director, will assume the role of interim CEO from 1 July.
Harrison has spent five years with the company, including the past two years as CEO. During his tenure, the company completed its integration into the wider NewPrinces organisation and transitioned to life as a publicly listed company on the London Stock Exchange.
Mastrolia joined the business in 2024 following the acquisition of Princes by NewPrinces and was later appointed CCO. Based at the group’s Liverpool headquarters, he has played a central role in shaping and executing the company’s commercial strategy.
He brings extensive leadership experience, having served as CEO of NewPrinces Group for the past nine years.
Commenting on the leadership transition, chairman Angelo Mastolia 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.”
The company has confirmed that trading will continue in line with expectations.