U.K.'s Premier Foods appoints Mark Moran executive director, CFO, effective early December

HERTFORDSHIRE, England , November 25, 2011 (press release) – Premier Foods, home to some of Britain’s favourite food brands, today announces the appointment of Mark Moran (51) as Executive Director and Chief Financial Officer. Mark will join the Group in early December and will replace Jim Smart who will step down from the Board on Mark’s arrival. Jim has agreed to remain with the company until early 2012 to ensure a smooth handover to his successor.

Jim Smart has led the Group’s financial strategy since joining Premier Foods in 2009 and has made a major contribution to the company. He agreed with the company that 2012 would be the right time to step down as the company’s new business plan is finalised and as its new financing arrangements are put in place.

Prior to joining the company, Mark Moran’s most recent appointment was as Group Finance Director of SSL International Plc, a market leader in consumer healthcare, recently acquired by Reckitt Benckiser. He has extensive experience of working with global brands gained from his six years at SSL including strategic and day-to-day financial management, executive Board responsibilities and investor relations. Mark was a non-executive director at Brixton Plc between 2008 and 2009 where he chaired the Audit Committee.

His earlier career included senior roles at Porvair Plc and Caradon plc. Mark trained as a Chartered Accountant with Arthur Andersen.

Commenting on the changes, Michael Clarke, Chief Executive Officer, said:

“I am grateful for Jim’s personal support for me during my first months with the company and for his broader contribution over the past few years. I wish him every success in his future career.

“Mark Moran will be a terrific addition to the team. His expertise will be invaluable as we continue our journey to rebuild the company and restore growth. I’m delighted that our new leadership team is now complete“

Jim Smart said:

“I’ve enjoyed my two years with Premier Foods. I am confident that Michael and his team can return the business to growth. I felt it was the right time to hand over to a new person to help Michael lead the company in the next stage of its recovery. I wish the company every success.”

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