The vacancy at the top of Premier Foods has been the subject of a media report in the UK that has named one well-known executive as having been approached to lead the company.
Broadcaster Sky News said Giles Turrell, the former CEO of breakfast-cereal supplier Weetabix, has been contacted over the role at the Bisto gravy and Mr Kipling cakes maker.
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Turrell was chief executive at Weetabix when it was sold to US food manufacturer Post Holdings for GBP1.4bn in 2017. The ex-Weetabix boss is one of a number of executives approached over the position at Premier Foods, Sky News said.
Former Premier CEO Gavin Darby announced he was stepping down in November and has now left the business. CFO Alastair Murray is at the helm on an interim basis.
Darby came under fire from Premier’s activist investors last year for the way he was running the company but in July won a rancorous re-election fight at the company’s annual meeting. He has now left the business.
In February, Premier announced it was conducting a “review of strategic options” after talking to its largest investors. Alongside news of the review, Premier said representatives of Oasis Management and Paulson & Co. – two of its largest investors and which had both called for change at the company – would join the manufacturer’s board.
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By GlobalDataSky News , quoting an unnamed “insider”, said the announcement of a new CEO at Premier would not be made until the review had been completed.
just-food analysis from March 2019: What change could be on the way at Premier Foods?
