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Leadership Change at Premier Foods

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Leadership Change at Premier Foods

Leadership Change at Premier Foods
January 28
14:47 2013

Following the shock resignation of Michael Clarke as Chief Executive of Premier Foods, the UK food group has named Gavin Darby as his replacement with effect from 4th February 2013. The appointment follows Michael Clarke’s indication to the board that, having delivered the initial turnaround of the company and set a course for future sustainable profitable growth, he was potentially considering moving on to pursue other business opportunities.

Gavin Darby spent fifteen years at the Coca-Cola Company in senior leadership roles before moving to Vodafone in 2001, where he was latterly CEO for its non-European joint ventures, the fastest growing segment of the company. His most recent role was as Chief Executive Officer of Cable & Wireless Worldwide plc, which he successfully turned around before negotiating its eventual sale.

 

Gavin Darby.

Michael Clarke will step down from the board with immediate effect and has agreed to remain available to the Company until mid 2013 to ensure an orderly handover to his successor.

David Beever, chairman of Premier Foods, says: “I am delighted to welcome Gavin Darby to Premier Foods. His strong FMCG background and management track record make him the ideal candidate to lead the company. The board very much looks forward to working with Gavin to continue driving sustainable profitable growth at Premier.”

David Beever adds: “Michael Clarke and the team have done a first class job in stabilising the business, strengthening its balance sheet, divesting non-core businesses and generating momentum. This is a significant achievement in a challenging market and I would like to thank Mike on behalf of the board for his contribution.”

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