New CEO announced for Goodman Fielder as acquisition settles

Goodman Fielder has announced Scott Weitemeyer as its new CEO after the resignation of Scott Delaney. The announcement comes as the acquisition of the company by Wilmar International and First Pacific settles.

Wilmar and First Pacific now officially hold all Goodman Fielder shares, with a 50% stake each.

A number of board resignations and appointments were also announced. Steven Gregg, Chris Delaney, Ian Cornell, Jan Dawson, Chris Froggatt, Peter Hearl, Clive Hooke and Ian Johnston have all resigned from the board. Robin Nicholson, Kuok Khoon Hong, Scott Weitemeyer and Graham Pickles have been appointed to the board, with Nicholson appointed as chairman.

Goodman Fielder said it expected to be delisted from the ASX and NZX on 19 March.

“We are delighted that the scheme has now been implemented. 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,” said Nicholson.

“We would like to thank Chris [Delaney] 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 [Weitemeyer] will work with the dedicated team at Goodman Fielder to begin building a leading Asia-Pacific consumer foods business.”