SSP appoints CFO Jonathan Davies as deputy CEO

Upper Crust and Ritazza owner SSP said on Wednesday that Jonathan Davies has been appointed as deputy chief executive officer, alongside his current role of chief financial officer, with immediate effect.

The FTSE 250 company said that following the recent announcement that Simon Smith will step down as CEO at the end of the year, the process to identify his successor is progressing well.

Chairman Mike Clasper said: "I'm delighted that Jonathan is taking on this role, which will ensure continuity of leadership during the transition period and provide invaluable support to the new CEO when appointed.

"Jonathan's long experience and extensive knowledge of the business have been key to SSP in responding to the challenges of the pandemic. Under his stewardship, SSP has maintained a tight control of its operating costs and created a strong liquidity position. His financial and commercial expertise will continue to be essential as we move into the next phase of our strategy, re-opening the estate and taking advantage of the many new opportunities we anticipate as the travel sector recovers."