Maggie Beer Holdings restructures management team and appoints external advisor for Paris Creek Farms

Maggie Beer Holdings Ltd (ASX: $MBH) has confirmed the formal resignation of Kinda Grange and the restructuring of the senior management team with the objectives of reducing costs, increasing revenue, and returning the Company to profitability. The Board has appointed Sam Reece as head of E-commerce and brand partnerships, and Laila Khalid as head of Maggie Beer Products Commercial and Strategy. Additionally, the Board has appointed an external advisor to assist with Paris Creek Farms, with a decision anticipated this quarter.

Chairperson's Perspective on Company Restructuring and Future Outlook

This Company has enormous potential. We need to simplify the business, enable and motivate business leaders to execute, and ensure that the cost structures are reduced for margin improvement. This is a first step to achieve this change, and anticipate that we should see that the financial run rates in the second quarter are appropriate for the business that we want to be.

Summary of Maggie Beer Holdings' Restructuring and Future Plans

Maggie Beer Holdings Ltd (ASX: $MBH) has restructured its senior management team to focus on reducing costs, increasing revenue, and returning the Company to profitability. The Board has also appointed an external advisor to assist with Paris Creek Farms, with a decision expected this quarter. The Chairperson emphasized the Company's potential and the need to simplify the business, motivate business leaders, and reduce cost structures for margin improvement. The Company aims to achieve appropriate financial run rates in the second quarter to align with its desired business outcomes.