Tiger Brands' CFO resigns

Michael Fleming, currently the financial executive responsible for the Consumer Brands division, will assume the position of CFO with effect from 1 June, the company said.

Fleming will work with Doyle at the office of the CFO with effect from 1 April in order to facilitate the handover.

The chairman of Tiger Brands, Lex van Vught, said Doyle had accepted a position as CEO of an unlisted business venture.

Van Vught said Doyle's decision is regretted in that he had made a significant contribution to the Company as CFO and as a Director of Tiger Brands.

"It is a reflection of the strength of the financial management at Tiger Brands that Michael Fleming can readily assume the position of Chief Financial Officer," said van Vught.

Upon his assumption of the position of CFO, Fleming will also assume responsibility for investor relations.

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