Sector News

Finance director departs Real Good Food

July 23, 2015
Food & Drink
Real Good Food’s (RGF) finance director has left the company following a reshuffle of operations, after it sold Napier Brown Sugar.
 
Mike McDonough, who had been with the group for 12 years, decided to leave after the company relocated its finance function to the London head office, and devolved greater responsibility to local finance teams in individual units.
 
The company sold Napier Brown for £34m in April this year, due to changes in the European sugar market – and a failure to find a supplier that wanted to work in a “strategic partnership”.
 
McDonough started his career with the group at Renshaw, the company’s cake decoration manufacturing arm. He will leave the business with effect from 32 August 2015.
 
The food business said: “The board would like to thank Mike for his contribution both as finance director of Renshaw and, since 2009, as Real Good Food finance director, where he played an important role in the recent corporate initiatives, and wishes him every success in his future career.”
 
In June RGF, which also runs Whitworths Sugar and R&W Brown, said that, foll
 
By Bronya Smolen
 

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