New Finance Director at Premier Foods
Michael Clarke, who joined Premier Foods during the summer as chief executive, has completed assembling his new leadership team with the appointment of Mark Moran as executive director and chief financial officer, replacing Jim Smart, who joined the group in 2009. Mark Moran’s most recent appointment was as group finance director of SSL International, a market leader in consumer healthcare, recently acquired by Reckitt Benckiser.
Since arriving at Premier Foods, Michael Clarke has made a number of executive appointments and is finalising a new business plan and new financing arrangements. However, the UK’s largest food processor faces major challenges including massive pension responsibilities and substantial debts.
Premier Foods produces a range of branded and retailer branded foods. Its portfolio includes famous British brands such as Ambrosia, Batchelor’s, Bisto, Hovis, Loyd Grossman, Mr Kipling, Oxo and Sharwood’s. The business employs around 13,000 people and operates from over 50 sites across the UK and Ireland.
