Premier Foods needs urgently to find a successor to ceo Robert Schofield, say industry sources, as the firm continues to hunt for an heir amidst rumoured pressure from institutional investors.
Premier Foods has today announced that its chief executive, Robert Schofield will be retiring once a successor has been appointed and no later than April 28 2012.
Premier Foods plans to close its distribution centre in Chandler’s Ford, Hampshire as it rationalises its south coast operations, while the firm has also rebuffed rumours of a management change.
Meat-free sales have continued to slide at Premier Foods, with first quarter sales in this division down 4.7%, a performance criticised by analysts as “disappointingly weak”.
Some of Britain's biggest food manufacturers believe the restructuring they have undertaken over the past year or so means they are better placed to...
