Business
Board Appointment
Board Appointment.
About this update from Premier Foods Plc
[{"type":"text","content":"\n \nRNS Number : 1207Y Premier Foods plc 01 March 2017 \n\n \n \nPremier Foods plc\n(\"Premier Foods\" the \"Company\")\n \n1 March 2017\nBoard Appointment\nPremier Foods plc is pleased to announce the appointment of Daniel Wosner as a Non-Executive Director of the Company from 1st March 2017. Daniel is Managing Director and Head of Europe at Oasis Management Company Limited (\"Oasis\"), an international investment firm and the Company's second largest shareholder. Before joining Oasis in 2016, Daniel held senior investment banking roles at Barclays and Lehman Brothers.\nDavid Beever, Chairman of Premier Foods, said:\n\"We are pleased to welcome Daniel Wosner of Oasis to the board as a non-executive director and look forward to working with him to drive the Company's long-term value and enhance value for all shareholders. Daniel's perspective and experience will be a valuable addition to the team as we continue our effort to maximise the potential of our category leading brands, strong customer partnerships and supply chain expertise.\"\nDaniel Wosner added:\n\"We appreciate the constructive engagement that we have had with Premier Foods Chairman David Beever and the Executive Leadership Team, and I welcome the opportunity to join the Board. I look forward to working with Chief Executive Officer Gavin Darby, and his colleagues to achieve the full potential and value from the Company's outstanding brand portfolio.\"\nSeth Fischer, Chief Investment Officer & Founder of Oasis, commented:\n\"We have followed Premier Foods for several years and are optimistic about the long-term prospects of the Company. As significant investors, we are fully committed to building long-term value for all shareholders.\"\nAccordingly, the Company and Oasis have today entered into a customary relationship agreement, a summary of the terms is available on the Company's website. Some of the key terms are set out below.\n· Daniel will be appointed to the Remuneration Committee of the Board\n· Oasis will acquire in aggregate 10% of the ordinary share capital of the Company by 30th June 2018\n· The relationship agreement with Oasis and Daniel's tenure as a Non-Executive Director will continue until the...