The CEO of Freedom Foods Group (ASX:FNP) has resigned

Company News

by Rachael Jones

The Board of Freedom Foods Group (ASX:FNP) last night accepted the resignation of Rory Macleod as Managing Director and Chief Executive of the Company.

He has resigned from all Board and executive positions.

Further to the Company’s statement to the ASX on June 25, 2020, Freedom Foods has engaged Ashurst and PwC to advise and assist with ongoing investigations into the Company’s financial position.

Last week the company announced $60 million in writedowns but promised to honour farmer’s commitments.

Shares in Freedom Foods Group (ASX:FNP) are currently in a trading halt, they last traded at $3.01.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.