Real Good Food PLC Directorate Change (9768K)
03 September 2019 - 4:01PM
UK Regulatory
TIDMRGD
RNS Number : 9768K
Real Good Food PLC
03 September 2019
3 September 2019
Real Good Food plc
("The Company" or "Group")
Directorate Change
The Board of Real Good Food plc announces that it has agreed
with Hugh Cawley, Chief Executive Officer, that he will step down
from the Board and his duties with immediate effect and leave the
Company at the end of the month. Following a number of disposals
over the last year, the Group now comprises two autonomous business
units with their own separate strategies lead by the Managing
Director of each respective business unit. The role of Group CEO
has therefore changed and the board consider the future role will
now be a part-time role, complementing the strategic and
operational focus of the Managing Directors of Brighter Foods and
Renshaw, with a particular focus on the Group's head office
functions and Corporate Governance. The search for an Executive
Director to replace Hugh is well advanced, and is expected to be
made within a few weeks. Pending this appointment Mike Holt will
temporarily become Executive Chairman of the Group.
Mike Holt, Chairman said:
"On behalf of the Board, we would like to express our thanks to
Hugh for his considerable contribution in stabilising the Group,
helping to improve corporate governance within the Group and
getting it focused on its two core businesses. The Group is now
fully engaged in growing Brighter Foods and regaining market share
for Cake Decoration. We wish Hugh well for all his future
endeavours."
-ENDS-
Enquiries:
Real Good Food plc Tel: 0151 541 3790
Mike Holt, Chairman
finnCap Limited (Nomad and Broker) Tel: 020 7220 0500
Matt Goode / Carl Holmes / James Thompson (Corporate
Finance)
MHP Communications (Financial PR) Tel: 020 3128 8100
Reg Hoare / Katie Hunt rgf@mhpc.com
About Real Good Food
Real Good Food plc is a diversified food business serving a number
of market sectors including retail, manufacturing, wholesale and
export. The Company now focuses on two markets: Cake Decoration
(Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter
Foods).
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END
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