Premier Foods has announced that chief financial officer Mark Moran is to leave the company.
Moran joined Premier Foods in 2011 and helped the company to secure a major refinancing package last year. He will step down from the board on 30 September but will remain at the business during October to help with the handover of the role.
The company said that Moran had been asked by CEO Gavin Darby to commit to at least another three years with the business but said that it was a commitment that 'ultimately felt unable to make'.
Commenting on his move, Moran stated, "I’m proud of what we’ve been able to achieve so far in putting Premier Foods back on a road to growth. My decision to leave is entirely personal and I wish Gavin and the company all the best for the future."
Moran, who joined Premier Foods as CFO in December 2011, will be replaced by Alastair Murray, who joins from Dairy Crest Group, where he held the position of finance director.
"Alastair is an excellent addition to the team," CEO Darby commented. "His extensive strategic, commercial, financial and consumer branded experience will be invaluable as we continue our journey to transform the company an drive further growth. I'm confident he will hit the ground running."
Murray added, “I’m delighted to be joining the Premier Foods team. After a difficult period, the Company has turned a corner and I’m looking forward to being a part of the next stages of its transformation. Given my background, I’m confident this will be a seamless transition.”
© 2013 - ESM: European Supermarket Magazine by Ellen Lunney
