CEO of Patties Foods steps down

Posted by James Ferre on 23rd September 2008

Dr Michele Allan, CEO of Australia’s Patties Foods, has resigned to “pursue other interests”, according to a statement released today by the company. Dr Allan joined Patties as a Director in 2006 and took over as CEO in November last year. The statement from Patties noted that “her contributions to the business during her tenure have been invaluable.”

Dr Allan will leave immediately and be replaced by Greg Bourke, who was recruited from his position as Chief Financial Officer in George Weston Foods’ Don Smallgoods division. Mr Bourke had spent twenty years with George Weston and now has the responsibility of leading the manufacturer famous for brands like Four ‘N’ Twenty, Patties, Herbert Adams and Nanna’s.

The company, which uses over 150 tonnes of meat to make its iconic pies every week, last month reported a 17.9% hike in net profit after tax to go with a 29.5% increase in revenue. They remain a leader in the Frozen Savouries and Frozen Desserts sector of the grocery industry, and are also one of the leading suppliers of food to foodservice companies.

Patties anticipates growth in the coming year to be derived from foodservice expansion, new retail products and manufacturing improvements. The manufacturing improvements in recent times have included the introduction of a new state-of-the-art savoury pie production line providing increased capacity to service the growing foodservice market, improved IT system integration, and a 10,000 pallet freezer warehouse completed and fully operational enabling reduced reliance on third party warehouse providers and a more centralised management of national stock distribution.