Tiger Brands has made changes in the group’s executive committee following SA’s deadly outbreak of listeriosis in the first half of the year. The outbreak, which has so far killed nearly 200 people, cost the food producer R365m in the period. This amounts to 15% of headline earnings per share in the six months to March. The disease outbreak continues to cost Tiger Brands R50m a month, according to group chief financial officer Noel Doyle, who will now also be responsible for the company’s value-added meat products (Vamp) segment, where the group’s listeriosis woes began.
This comes after Grattan Kirk, chief growth officer of the consumer brands division, under which Vamp operates, resigned to pursue an opportunity in retail. He will be leaving Tiger Brands in late June. Pending Kirk’s replacement, the remainder of the consumer brands portfolio — with the exception of Vamp — will report to Pieter Spies, who is chief growth officer of the group’s grains division. Tiger Brands re...
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