Jul 2014 Financial News

GraceKennedy Group CEO Announces Senior Management Changes in the Foods Division of the Company

Jul 21, 2014

Kingston, Jamaica, July 18, 2014 – Further to the acquisition of the assets of USA food business, La Fe Foods Inc, through subsidiary, GraceKennedy Foods (USA) LLC, and in continuation of its strategy of becoming a Global Consumer Group, GraceKennedy Group CEO, Don Wehby, announces senior management changes which will immediately take effect within the company.

Mr. Michael Ranglin has been appointed President & CEO of GraceKennedy Foods (USA) LLC, while retaining his substantive position as the CEO of the GK Foods Division and will be based in New Jersey. Prior to his appointment as Divisional CEO, Michael also served in the capacity of CEO Grace Foods UK, a position he held for over three years.

Mr. Ryan Mack, who was recently appointed Deputy CEO of GK Foods, will assume oversight for Grace Foods and Services and Manufacturing. Mrs. Andrea Coy, Senior General Manager, Global Category Management, will have oversight responsibility for the Hi-Lo Supermarket chain and World Brands.

Mr Wehby has described the acquisition as a “major step in achieving our vision of being a Global Consumer Group ”. He added that the GK Foods team was ready to execute on the strategy focusing on growth in both the international and domestic foods businesses.

La Fe Foods Inc. was established in 1968, and currently has revenues of approximately US$80 million. It has operations in Moonachie, New Jersey; Miami, Florida and Raleigh, North Carolina, with brand and distribution presence in the New York/Tri-state area, Florida, Georgia and the East Coast.

Contact:
Simone Clarke-Cooper
Group Chief Communication Manager
(876) 932-3174 (landline)
(876) 809-1121 (cellular)

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday July 21, 2014