Investment company, Olidor Group, has announced the promotion of Andrew Ashby to the role of Group CEO, following his 9 years as Managing Director for Brusco.

Andrew Ashby has taken on the role of Group CEO for Olidor Group Ltd, where he will lead the continued growth of the group’s brands, including Brusco, Karimix UK Ltd, The Original Baker Ltd, Porter Foods and The Artful Baker.

As well as previously holding the position of Managing Director at Brusco, growing the company from £4.8m revenue to £18.5million turnover, Andrew has previously held senior roles in management consulting with KPMG and The Hackett Group.

Andrew will also lead Olidor’s ambitious plans to expand its portfolio of leading food and beverage brands.

Andrew Ashby, CEO of Olidor Group, commented: “I’m proud to begin this new chapter as Group CEO for Olidor. We have built a fantastic team at Brusco who I know will continue to deliver the ambition of positioning Brusco as a trusted expert in ingredients supply. I am excited to dedicate more time supporting the growth of our existing portfolio and identifying other potential investment opportunities.”

“The food industry is full of talented founders and management teams who are seeking investment and management support to drive growth.”

The news follows Brusco’s appointment of Mark Armstrong as its Managing Director.

Mark Armstrong, Managing Director of Brusco, said: “I am delighted to be joining Brusco as the new Managing Director. For many years I’ve driven customer focused growth strategies for various brands within the food industry. I look forward to bringing new ideas to Brusco and working together with our valued customers.”

For more information on Olidor and its portfolio of high-performing brands in the food industry, visit the Olidor website here.