Nomad Foods names Dominic Brisby as new CEO, Descheemaeker to retire

WOKING, England - Frozen food company Nomad Foods Limited (NYSE:NOMD), currently valued at $1.88 billion and trading near its 52-week low at $12.49, announced Friday the appointment of Dominic Brisby as its new Executive President, Chief Executive Officer-Elect and Board member, effective November 3, 2025. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics.

Brisby will work alongside current CEO Stéfan Descheemaeker during a transition period until Descheemaeker’s retirement on January 1, 2026, when Brisby will assume the CEO role. Descheemaeker will continue to serve as a non-executive Director on the company’s Board following the transition.

Most recently, Brisby served as President of North America and Europe at Flora Food Group, where he achieved record market share in North America. Previously, he held positions including Interim Co-CEO and Regional President at Imperial Brands.

"I am honored to be appointed as the new CEO of Nomad Foods," said Brisby. "The Company has truly iconic brands that sit at the intersection of several big consumer themes."

Descheemaeker, who has led Nomad Foods since its founding in 2015, guided the company through nine consecutive years of revenue and Adjusted EBITDA growth through 2024. The company currently generates $593 million in EBITDA and maintains a healthy 29% gross profit margin. Based on current guidance, Adjusted EPS is expected to approximately double from 2016 to 2025 under his leadership, while providing shareholders with a notable 5.44% dividend yield.

"After 10 years as CEO, I believe now is the appropriate time to transition to new leadership who can take the Company to new heights," said Descheemaeker.

Nomad Foods is Europe’s leading frozen food company with a portfolio that includes Birds Eye, Findus, iglo, Ledo and Frikom brands.

The announcement was made in a press release issued by the company.

In other recent news, Nomad Foods Ltd reported its second-quarter 2025 earnings, exceeding earnings per share (EPS) expectations but falling short on revenue forecasts. The company posted an EPS of $0.40, surpassing the anticipated $0.38, while revenue came in at $747 million, below the expected $770.67 million. Nomad Foods also reiterated its 2025 financial guidance, projecting flat to -2% organic revenue growth year-on-year and an adjusted EBITDA decline of 3% to 7%. The company unveiled a €200 million efficiency plan aimed at operational savings through 2028. Additionally, Mizuho lowered its price target for Nomad Foods to $17.00 from $20.00, citing weaker performance in the frozen fish category. BTIG also reduced its price target to $18.00 from $20.00, following challenges in European markets. Both firms maintained their positive ratings on the stock, with Mizuho keeping an Outperform rating and BTIG a Buy rating. These developments highlight the company’s ongoing efforts to navigate market challenges while maintaining investor confidence.

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