Premier Foods to Review Strategic Options
Following discussions with its largest shareholders, the board of Premier Foods has decided to conduct a review of its strategic options for increasing shareholder value. In connection with these discussions, the company has announced a number of board changes.
Daniel Wosner of Oasis Management Company and Orkun Kilic of Paulson & Co will join the board as non-executive directors.
Simon Bentley will also join the board as a non-executive director. As part of a variety of existing positions, he is executive chairman of Cash on the Move, a UK mobile cash operator. Among other previous appointments, he was deputy chairman of lawyers Mishcon de Reya, chairman and chief executive of Blacks Leisure Group plc and senior independent director of Sports Direct International.
To facilitate these changes non-executive directors Ian Krieger and Jennifer Laing will be retiring from the Premier Foods board.
