Dairy

Freedom Foods stock in trading halt as board members leave

By Rodney Woods

A trading halt has been placed on Freedom Foods stock after it was announced on June 24 that managing director and chief executive officer Rory Macleod is on leave until further notice.

It comes on the back of the resignation of chief financial officer Campbell Nicholas the day before.

Perry Gunner has been appointed executive chairman, and current commercial director Brendan Radford will replace Mr Macleod as acting chief executive officer.

Current corporate development general manager Stephanie Graham will oversee the financial team as acting CFO.

Mr Nicholas will be replaced by Trevor Allen in his other role of company secretary.

These changes were followed by the company requesting a trading halt on the stock exchange.

The trading halt was requested pending a further announcement concerning the company's financial performance but is expected to be lifted in time for trading on June 26, despite the announcement not likely to be made until next week.