Real Good Food has unveiled a string of board-level changes, as it looks to calm investors following its shock profit warning last week.
The Liverpool-based food company said that Pieter Totté has resigned as Executive Chairman and will be leaving the group, effective immediately. Pat Ridgwell, a non-executive director, will serve as interim Chairman until a permanent successor to Totté has been named.
Additionally, Harveen Rai has been named as Finance Director and Company Secretary, effective 14 August 2017. Rai, who was most recently CFO at Arzyrta UK, will take over from David Newman, who will be stepping down from the board with immediate effect.
Additional changes include non-executive director Christopher Thomas being made Executive Director, and Hugh Cawley being appointed as non-executive director.
Source: NamNews
McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.
Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.
L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.
