Premier Foods plc Directorate Change (7184O)
September 24 2013 - 2:01AM
UK Regulatory
TIDMPFD
RNS Number : 7184O
Premier Foods plc
24 September 2013
24 September 2013
Premier Foods Appoints Alastair Murray as Chief Financial
Officer
Premier Foods today announces the appointment of Alastair Murray
as Executive Director and Chief Financial Officer with effect from
30 September 2013 replacing Mark Moran who has decided to leave the
Company.
Alastair Murray's most recent appointment was as Group Finance
Director of Dairy Crest Group plc, a leading British dairy products
company. During his 10-year tenure at Dairy Crest, he helped lead a
significant restructuring to simplify the business, creatively
address its pension deficit and transform it into an industry
leader with brands such as Cathedral City and Clover. His extensive
strategic, commercial, financial and consumer branded experience
spans a 30 year career including roles as Group Finance Director of
The Body Shop International plc and earlier with Dalgety plc and 13
years with Unilever plc. Alastair graduated from Cambridge
University with an MA in Engineering and also holds an MBA from
Cranfield Institute of Technology. He is a Fellow of the Chartered
institute of Management Accountants.
Since joining the business in 2011, Mark Moran has helped steer
the Company through the first critical phases of its turnaround,
including a major refinancing in early 2012. As the Company began
planning the next phase of its development, he was asked by Gavin
Darby, Chief Executive Officer, and the Board of Directors whether
he would commit to at least the next three years to continue this
transition, a commitment he ultimately felt unable to make. Mark
will consequently step down from the Board on 30 September 2013 and
work closely with his successor to support a smooth handover during
October.
Commenting on the changes, Gavin Darby said:
"Alastair is an excellent addition to the team. His extensive
strategic, commercial, financial and consumer branded experience
will be invaluable as we continue our journey to transform the
Company and drive further growth. I'm confident he will hit the
ground running.
"I am grateful for Mark's personal support and for his broader
contribution in delivering a successful first phase of our
turnaround. I wish him every success in his future career."
Mark Moran commented:
"I'm proud of what we've been able to achieve so far in putting
Premier Foods back on a road to growth. My decision to leave is
entirely personal and I wish Gavin and the Company all the best for
the future."
Alastair Murray said:
"I'm delighted to be joining the Premier Foods team. After a
difficult period, the Company has turned a corner and I'm looking
forward to being a part of the next stages of its transformation.
Given my background, I'm confident this will be a seamless
transition."
The Company's expectations for the Full Year are unchanged from
the revised guidance provided at the 2013 Half Year results. The
Interim Management Statement for the three months ending 30
September 2013 will be released on 31 October 2013.
<ends>
For further information, please contact:
Premier Foods
Lisa Attenborough - Director of Communications 01727 815716
Richard Godden - Head of Investor Relations 01727 815927
Maitland
Tom Buchanan/Tom Eckersley 020 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
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