Boss of Mr Kipling cake maker Premier Foods faces calls to quit from its biggest investor

[ad_1]

City & Finance Reporter for the Daily Mail

The boss of Mr Kipling cake maker Premier Foods faces calls to quit from its biggest investor – which has accused him of wrecking the business.

Chief executive Gavin Darby was slammed by shareholder Oasis Management, which owns a 9.3 per cent stake.

Struggle: Chief executive Gavin Darby was slammed by shareholder Oasis Management, which owns a 9.3 per cent stake in Premier Foods

Struggle: Chief executive Gavin Darby was slammed by shareholder Oasis Management, which owns a 9.3 per cent stake in Premier Foods

Struggle: Chief executive Gavin Darby was slammed by shareholder Oasis Management, which owns a 9.3 per cent stake in Premier Foods

Oasis blames the 61-year-old for the firm’s declining fortunes, with the stock down 53 per cent since a £353 million fundraising drive in 2014. 

The shares fell another 6 per cent on Friday, down 2.35p to 37.15p. 

Advertisement

[ad_2]

Source link