RGF founder resigns after profits warning

Bakery ingredients manufacturer Real Good Food’s (RGF’s) founder Pieter Totté has resigned from the company, a week after the company issued a profits warning as the company’s shares fell to their lowest value since 2010.

His resignation was one of a number of changes to RGF’s board of directors announced this month (August 8).

RGF has appointed Harveen Rai as finance director and company secretary, effective from August 14. She will replace David Newman, who has stepped down from the board with immediate effect.

Non-executive director Pat Ridgwell has assumed the role as interim chairman until a permanent chairman can be appointed, while Christopher Thomas – currently a non-executive director – has assumed the role of executive director.

The company also appointed Hugh Cawley as a non-executive director, with immediate effect. He will also take on the role of head of RGF’s audit committee.