South Africa’s largest food manufacturer Tiger Brands said yesterday that it had appointed Noel Doyle as the chief financial officer of the company.
Doyle, who served the company as chief operating officer, replaced Funge Ighodaro, who resigned in April.
Doyle has been the chief operating officer since July 2015 and has also occupied the position of business executive at the Grains and Milling, serving the company as the chief financial officer and head of investor relations.
Doyle’s appointment comes after the company appointed chief executive Lawrence MacDougall in May.
Doyle is expected to start his new role on August 1.
In February, the food producer had to sell its unprofitable Nigerian business to Dangote Industries after it was written off for R2.8 billion.
Source: Independent Online
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.