Goodman Fielder CEO Chris Delaney, along with the company's board of directors, has stepped down as the takeover by Wilmar International and First Pacific takes effect.
Wilmar and First Pacific, through 50:50 jointly owned entities, now hold all of the shares in Goodman Fielder which means the resignation of Chris Delaney, the company's chairman Steven Gregg, and its directors, has now taken effect.
Delaney has been replaced by Scott Weitemeyer, the CEO of Wilmar's Sugar Australian business, who will also take the reins as MD and CEO of Goodman Fielder.
The new board of directors includes Robin Nicholson as chairman, Kuok Khoon Hong, and Graham Pickles.
“This final step in the process completes First Pacific and Wilmar’s acquisition of Goodman Fielder and we look forward to working with the business to implement our transition plans and growth agenda,” Nicholson said.
“We would like to thank Chris for his substantial contribution to Goodman Fielder and particularly for his leadership of the company during a period of significant transformation of the business, including the implementation of the Scheme.
“Scott will work with the dedicated team at Goodman Fielder to begin building a leading Asia-Pacific consumer foods business,” Nicholson said.
Goodman Fielder said it expects to be delisted from the ASX and NZX tomorrow.
