Bernard Matthews Farms has confirmed that David Joll will return to the company as executive chairman after a week that saw the departure of both its chairman and chief executive.
Noel Bartram stood down as group chief executive following his 60th birthday and recent health concerns, but will remain involved with the business. The move was made only days after chairman, David McCall left the turkey company and follows the recent resignation of Rob Mears as managing director.
David Joll has extensive experience of the company and the sector having led the business from 1987 until 2005, and is tasked with leading the repositioning and investment process being managed by PwC.
Bernard Matthews is currently looking for new investment, thought to be in the region of £20m to £30m after difficult trading conditions. The company has said that its existing banking facilities will remain unchanged and are in place until December 2015.
Recent reports also suggest the company is to axe 55 staff from its cooked meats business because of the increase in feed prices and supermarket competition.
This story was originally published on a previous version of the Meat Management website and so there may be some missing images and formatting issues.
