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Premier Foods Investor Calls For Immediate Removal Of CEO

By Steve Wynne-Jones
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Shareholder Oasis Management has called for the immediate removal of Premier Foods Chief Executive Gavin Darby, raising the pressure on the company ahead of its annual meeting next month.

Oasis, which said it has a 9.3 percent stake in Premier, said current CFO Alastair Murray should take interim charge, supported by the company's UK Managing Director Alex Whitehouse. It urged the company to seek a new permanent chief executive from outside the company.

In a statement, Oasis accused Darby of having no credible strategy, adding: "we have completely lost faith in him."


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