Premier Foods (PFD), makers of the famous Paxo stuffing, may itself be about to be stuffed by one of its largest shareholders. Oasis Management Company Ltd who own nearly 10% of PFD, is encouraging all shareholders to vote for the removal of the current CEO, Gavin Darby, at the upcoming AGM on the 18th July. Oasis claim that:
“Gavin Darby has driven Premier Foods into its current “zombie-like” state–he has no credible strategy to return Premier Foods to growth. Long-suffering shareholders need ...