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Retail Food Group adds new directors and extends executive chairman’s tenure

Story Highlights
  • Retail Food Group appointed Abigail Cheadle and Gary Brinkworth to bolster board expertise and governance.
  • The company suspended its CEO search and extended Executive Chairman Peter George’s tenure for leadership continuity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Retail Food Group adds new directors and extends executive chairman’s tenure

Meet Samuel – Your Personal Investing Prophet

Retail Food Group ( (AU:RFG) ) just unveiled an announcement.

Retail Food Group has strengthened its board with the appointment of experienced Chartered Accountant Abigail Cheadle as an independent non-executive director and incoming chair of the Audit & Risk Management Committee, alongside the addition of industry veteran Gary Brinkworth as a non-executive director representing a substantial shareholder. The board has also suspended its search for a new chief executive and formalised an extension of Executive Chairman Peter George’s employment, signalling continuity in leadership as the company pursues its strategic and operational initiatives.

The most recent analyst rating on (AU:RFG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Retail Food Group stock, see the AU:RFG Stock Forecast page.

More about Retail Food Group

Retail Food Group Limited is a global food and beverage company headquartered in Queensland and Australia’s largest multi-brand retail food franchise manager. It owns brands including Gloria Jean’s, Donut King, Brumby’s Bakery, Crust Gourmet Pizza and Beefy’s Pies, holds the exclusive licence to grow Firehouse Subs in Australia, and distributes pies and coffee through its bakery and roastery operations.

Average Trading Volume: 60,288

Technical Sentiment Signal: Sell

Current Market Cap: A$69.1M

Learn more about RFG stock on TipRanks’ Stock Analysis page.

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