Real Good Food plc (AIM: RGD) the diversified food business, is pleased to announce the appointment of Steve Dawson as an Independent Non-Executive Director of the Company with immediate effect.
Steve is an experienced specialist in food and beverage brands in the UK and in North America. He is currently the managing director and founder of BrandGrowth LLC ("BrandGrowth") a consultancy focused on advising food and beverage brands on how to achieve their growth strategies. Clients have included First Milk, Burton's Biscuits and Bahlsen.
In August 2016 Steve was appointed as the Interim CEO of Bahlsen North America, Inc. to return the business to profitability. In 2017, the business was stabilized, with operating losses cut by two-thirds. When he left Bahlsen in May 2018, the business was projected to break even and generate double-digit net sales growth by year-end.
Prior to founding BrandGrowth in January 2016, Steve was the CEO of the US division of Walkers Shortbread Inc, the Scottish premium cookie manufacturer from April 2007 to December 2015, a period in which the Walkers brand saw consistent growth in sales and category share. Before that, he was Managing Director of Food From Britain North America for eight years.
Hugh Cawley, Chief Executive Officer, commented:
"On behalf of the Company, I am delighted to welcome Steve to the Board. His extensive experience in both the USA and in food brands will undoubtedly prove to be very useful and will add significant value to the Company. I look forward to working with him as we continue to improve the Group's performance.
"Steve's appointment follows that of Mike Holt in August and means that we now have a better balance of executive, non-executive, and independent non-executive directors, in line with our commitment to improved corporate governance."
Real Good Food plc
Hugh Cawley, Chief Executive
Harveen Rai, Finance Director
Tel: 0151 541 3790
finnCap Limited (Nomad and Broker)
Matt Goode / Carl Holmes / James Thompson (Corporate Finance)
Real Good Food plc is a diversified food business serving a number of market sectors including retail, manufacturing, foodservice and export. The Company focuses on three main markets: Cake Decoration (Renshaw and Rainbow Dust Colours), Food Ingredients (R W Scott and Brighter Foods) and Premium Bakery (Chantilly Patisserie).
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
The following information regarding the appointment of Steve David Lyell Dawson, aged 58, is disclosed under Schedule 2(g) of the AIM Rules for Companies:
Current directorships and/or partnerships:
Former directorships and/or partnerships (within the last five years):
Walkers Shortbread Inc.
Bahlsen North America Inc.
There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.
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