Maggie Beer’s (ASX:MBH) CEO and Managing Director resigns

• Maggie Beer’s (MBH) CEO and Managing Director Chantale Millard will step down from the top job at the end of the year
• Ms Millard has spent eight years with the gourmet food producer, first joining as CEO of Maggie Beer Products, before stepping into the role of CEO and MD of MBH in 2019
• She led the company through transformational period of growth, including a “very successful” capital raise in 2021
• The search is now on to find a replacement for Ms Millard, who will stay on as CEO until the next leader is found
• MBH shares end the day 2.78 per cent in the green to close at 27.8 cents

Maggie Beer’s (MBH) CEO and Managing Director Chantale Millard has announced her intention to resign at the end of the year, after nearly three years at the helm.

Ms Millard has a combined eight years working with the gourmet food producer, including joining Maggie Beer Products as CEO, before stepping into the role of CEO and MD of Maggie Beer Holdings in November 2019.

MBH says Ms Millard led the company “through a period of restructure, transformation and growth,” as well as a “very successful capital raise, acquisition, and integration of Hampers & Gifts Australia,” in 2021.

“During her time as CEO of MBH, the group has undergone a significant transformation and strategic repositioning and enjoyed significant commercial success as Australia’s leading purveyor of premium food, beverage, and gifting products,” MBH Chair Reg Weine said.

The search is now on to find a replacement for Ms Millard, who has agreed to stay in the role of CEO until the right person is found.

“I would like to thank the MBH board and our teams for the opportunity and privilege to lead such a wonderful group and iconic brand,” Ms Millard stated.

“I am proud of what we have achieved together and to be handing over the leadership at a time when the group is in a strong financial position.

“With a clear strategy for growth, I am excited for the new CEO, who will take over at a time when the group has so much future potential to expand and grow.”

MBH shares ended the day 2.78 per cent in the green to close at 27.8 cents.