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- Neale Joseph resigns from his role as CEO and Managing Director of The Sustainable Nutrition Group (TSN), effective immediately
- Current Chair and Non-Executive Director Pauline Gately will assume an interim Executive Director role and Karun Moses will assume the role of Chief Operating Officer
- Just last week, the company entered into voluntary suspension due to the termination of a “key strategic customer supply agreement”
- The company expects the voluntary suspension to stay in place until June 1
- Shares in The Sustainable Nutrition Group last traded at $0.14 on May 17
Neale Joseph has resigned from his role as CEO and Managing Director of The Sustainable Nutrition Group (TSN), effective immediately.
The company’s current Chair and Non-Executive Director Pauline Gately will assume an interim Executive Director role and Karun Moses will assume the role of Chief Operating Officer.
Ms Gately has more than a decade of experience across a portfolio of Board positions with “demonstrated success” in business development and strategic transformation, having led companies through initial public offerings, business recalibration and mergers.
Meanwhile, Mr Moses has been working with the company over the last 14 months.
He is a well credentialed professional with over 25 years experience in operations and supply chain logistics ranging from large global businesses to Australian start-ups,
including stints with Coca-Cola, FujiFilm, Bilcare and Armacell.
His expertise lies in leading business transformation initiatives, developing agile business processes, and building sustainable delivery capabilities.
Fellow Directors, James Hood, Shane Gild and Thomas Siebel will continue as Non-Executive Directors and will assist the company during Mr Joseph’s transition out and transfer of responsibilities.
Just last week, the company entered into voluntary suspension due to the termination of a “key strategic customer supply agreement”.
The company said it is undertaking a strategic review of the impact of the termination of the deal and will inform the market accordingly.
It also expects the voluntary suspension to stay in place until June 1.
Shares in The Sustainable Nutrition Group last traded at $0.14 on May 17.
