Directorate Change

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 Mike Holt, Chairman	Tel: [phone]
finnCap Limited (Nomad and Broker) Matt Goode / Carl Holmes / James Thompson (Corporate Finance)	Tel: [phone]
MHP Communications (Financial PR)  Reg Hoare / Katie Hunt	Tel: [phone] [e-mail]
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).

 

END

 

 

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