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Metcash Limited ( (AU:MTS) ) has shared an update.
Metcash Limited has appointed Bruce Sabatta as Chief Executive Officer of its recently merged Foodservice & Convenience business, effective 2 March 2026, succeeding Superior Foods founder Craig Phillips, who will move into an advisory role. Sabatta brings more than 30 years of experience across foodservice, manufacturing, agriculture, commodities, retail and FMCG, including leading Primo Foods’ transformation into a $1.3bn revenue operation, and his appointment signals Metcash’s intent to accelerate growth and integration in its foodservice and convenience operations while retaining Phillips’ industry knowledge to support customer relationships and M&A opportunities.
The most recent analyst rating on (AU:MTS) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Metcash Limited stock, see the AU:MTS Stock Forecast page.
More about Metcash Limited
Metcash Limited is an Australian wholesale distribution and marketing company listed on the ASX, supplying independent retailers and businesses across food, grocery and related sectors. Its operations include a Food division that services supermarkets, foodservice operators and convenience channels, with a focus on supporting independent brands and outlets nationwide.
Average Trading Volume: 3,423,585
Technical Sentiment Signal: Sell
Current Market Cap: A$3.65B
For a thorough assessment of MTS stock, go to TipRanks’ Stock Analysis page.