Patisserie Holdings PLC Resignation and Appointment of CEO (5097H)
November 15 2018 - 6:55AM
UK Regulatory
TIDMCAKE
RNS Number : 5097H
Patisserie Holdings PLC
15 November 2018
For immediate release
15 November 2018
Patisserie Holdings plc
Resignation and Appointment of CEO
Patisserie Holdings plc (AIM: CAKE) ("PH" or the "Company")
announces that it has accepted the resignation of Paul May as the
Company's Chief Executive Officer with immediate effect.
The Company is also pleased to announce the appointment of
Stephen Francis, as the Company's Chief Executive Officer, with
immediate effect.
Steve is a strong leader and experienced turnaround Chief
Executive with a proven track record of rapid operational
performance improvements. Since 2005, Steve has completed four
successful operational turnarounds of multi-site, international
businesses with revenues ranging from GBP2 billion to GBP200m.
Steve was recently CEO of Tulip Ltd., the UK's largest integrated
farmer and producer of pork, where he led the rapid return from
significant losses, rebuilt the management team and completed a
major growth acquisition. Prior to that, he led the turnaround of
Danwood Group as Group CEO, restoring the credibility with
stakeholders, re-building the management and transforming the
profitability of the Company. He has also held turnaround roles at
Vion Food Group and Vita Group. Stephen has also held a number of
senior roles at Barclays Capital, PricewaterhouseCoopers and
McKinsey.
Luke Johnson, Chairman, said;
"I am delighted to welcome Steve Francis as new CEO at
Patisserie Holdings PLC. He has a strong track record of restoring
value in turnaround situations, especially in the food industry,
and the board looks forward to working with him in the revival of
the business."
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for
Companies, the following information is disclosed in respect of
Stephen Roland William Francis, aged 57.
Current Directorships and Partnerships Past Directorships and Partnerships
over the last 5 years
Fairfax Partners Group Ltd Oak Crown Meats Limited
Dixon Pork & Bacon Company Limited
Parkam Foods Limited
Tranfoods Limited
Dak (UK) Ltd.
Hafnia Ham Company Limited
Geo. Adams & Sons (Frozen Foods) Ltd.
Geo. Adams & Sons (Pigs) Limited
Flagship Foods Limited
Hygrade Foods Limited
Normeat Company Limited
Wolverhampton Sandwiches Limited
Ess-Food UK Limited
Dalehead Foods Holdings Limited
Dalehead Trustees Ltd
Fancy a Quickie Limited
Geo. Adams & Sons (Holdings) Limited
Danish Deli Limited
Henry A. Lane & Company Limited
Latona Foods Limited
Danwood Wales Limited
Grampian Country Pork Limited
Hykeham Capital Limited
Hykeham Group Holdings Limited
Global Source and Marketing Limited
Danwood Limited
Insatsu Chosa Limited
Hykeham Group Limited
Kent Photocopier Associates Limited
Kent Photocopier Services (London) Limited
KPS Business Solutions Limited
Document Express Limited
P H J Limited
KPS (Group) Limited
Lane Food Company Limited (The)Laxgate Limited
Trophy Foods Limited
Danish Crown Foods Limited
Flagship Fresh Meats Limited
Prideaux Stables Limited
Belvoir Foods Limited
Tulip International (UK) Limited
Tulip Limited
Geo. Adams & Sons Limited
Tulip International (UK) Cooked Meat Division Limited
Tulip International (UK) Wellingborough Limited
Meadowbrook Foods Limited
Gott Holdings Limited
Dalehead Foods Limited
Gott Foods Limited
Vjs Foods Limited
Glenbrook Foods Limited
Danish Crown Holding (UK) Limited
Roach Foods Limited
Danish Bacon Company Limited
Adams Pork Products Limited
Geo. Adams & Sons (Farms) Limited
Celebrity Food Factories (U.K.) Limited
Foodane Limited
Plumrose Limited
VJS Holdings (U.K.) Limited
Norman C. Roach & Son Limited
Tulip Food Service Limited
Printware Limited
Phoenix Office Supplies Limited
The Danwood Group Limited
----------------------------------------------------------
Further information relating to Stephen Francis
Stephen Francis was a director of Paramount Food Limited which
went into administration in October 2012 and liquidation in January
2015. Stephen was not a director at the time; however, he resigned
within the 12 months prior to the company entering
administration.
Paramount Food Limited was a subsidiary of Vion Group and its
administration was immaterial to the Vion Group.
Enquiries:
Patisserie Holdings plc +44 (0)121 777 7000
Luke Johnson, Executive Chairman
Nomad and Broker
Canaccord Genuity Limited +44 (0)20 7523 8000
Chris Connors
Henry Fitzgerald-O'Connor
Financial Public Relations
Maitland +44 (0) 20 7379 5151
Sam Cartwright
Jonathan Cook
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END
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