Patties Foods CFO, Michael Knaap, has resigned after six years with the company.
Patties Food said Knaap, who joined Patties Foods in 2009, will remain with the company to assist with a transition process and the completion of year end statutory accounts.
Knaap’s departure comes after Patties Foods warned shareholders this week its underlying profit for the 2014/15 financial year will fall to about $15 million from $17 million the previous year, following a Hepatitis A scare that caused Patties Foods to launch a mass recall of its frozen berries from shop shelves earlier this year.
Steven Chaur, MD of Patties Food, thanked Knaap for this “considerable contribution to the company over the past six years”.
“Michael’s leadership extended to all aspects of PFL’s business, including as interim CEO in late 2013 and early 2014. We wish Michael every success in the future.”
Patties Foods said it will initiate a search for a replacement CFO.
