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Treatt reshuffles leadership, Randhawa to take interim MD role
(Sharecast News) - Natural extracts and ingredients business Treatt said on Monday that Manprit Randhawa will broaden his remit to interim group managing director, with effect from 1 January. Randhawa, who joined the company in September as interim CFO, will now oversee business performance and lead Treatt's management team during the transition. He will report directly to the board and become a director of the company, working alongside outgoing chief executive David Shannon to complete a handover this month.
Treatt also said that Kelly Gordon, currently group finance director and head of investor relations, will assume operational responsibility for Treatt's finance function and reporting requirements. Gordon will report to Randhawa, who will retain oversight of Treatt's financial strategy.
Chairman Vijay Thakrar said: "Manprit has made a strong contribution since joining in September. He has quickly grasped our key business issues and has earned the confidence of our employees, leadership team and the board, positioning him well to take on the Interim Group MD role.
"We are confident that this new interim management structure, with Manprit working alongside our strong leadership team, will steward the business well until a new CEO is in place."
As of 0825 GMT, Treatt shares were down 0.73% at 211.44p.
Reporing by Iain Gilbert at Sharecast.com
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