Premier: Group Finance Director seeks new challenges

London / UK. (pf) Premier Foods PLC announces that Paul Thomas, Group Finance Director, intends to step down from the Group later in the year. He will present the interim results in August and will step down shortly thereafter. The Board has commenced a search for his successor. Thomas joined Premier Foods in 2002 and served on the Board as an executive director since that time. Thomas: «After seven enjoyable and very busy years with Premier Foods – during which time the Group floated on the London Stock Exchange and, through a series of strategic acquisitions, transformed itself into the UK´s largest branded food supplier – I feel it is time to seek new challenges. Following the successful capital restructuring and equity issue in March of this year, Premier Foods is in a strong position and has a great future ahead of it». CEO Robert Schofield: «I would like to thank Paul for his significant contribution to the Group. He joined Premier Foods when it was still a private company and was instrumental in our successful initial public offering and in the extensive development of the Group since then. He leaves with our best wishes for the future».