Tiger Brands has announced that Noel Doyle (pictured), who has been the company’s COO since July 2015, will be taking over the CFO role from Funke Ighodaro as of 1 August.
- Tiger Brands CFO, Funke Ighodaro, resigns.
- Lawrence MacDougall named new Tiger Brands CEO.
- Tiger Brands sells its Ethiopian shares.
This is not Doyle's first time as CFO of Tiger Brands, and he previously also occupied the position of business executive of the grains and milling division. In 2008, Doyle quit his post as CFO during the bread price-fixing scandal, following disciplinary action after news broke of a collusion scandal. The extent of Doyle's involvement, however, was never clarified. He returned in 2013 to head up the grains and milling division.
Lawrence Mac Dougall, Tiger Brands CEO, said of Doyle's appointment:
"Noel's in-depth knowledge and experience will contribute to delivering a step change in the company's key strategic drivers, such as profitable growth, efficiency and cost containment. He has both a financial and business mind-set, which will help Tiger build on its current results and its future success Being an internal candidate, Noel, brings the added benefit of institutional memory in terms of operational and financial experience. This will contribute to business continuity and the stability we have maintained over the last six months."
