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Pure Foods Tasmania Limited (ASX:PFT)

ALERT: Price-sensitive ASX Announcement for PFT
Current share price for PFT : $0.026 0.001 (4%)+
Announcement
Release
25 May 2026 4:15PM
Price at Release
$0.025
Full Release
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Summary
Pure Foods Tasmania Limited announced the appointment of Robert Knight as the Chief Executive Officer and Managing Director of the company, effective 1 July 2026. Mr. Knight has been significantly involved in the strategic and operational aspects of the company since his appointment as a Director in October 2024. Under his leadership, the company has expanded its market presence, particularly increasing the footprint in Coles stores and re-establishing relationships with major retailers like Costco. His appointment aligns management and shareholder interests at a crucial stage of the company's development. Mr. Knight's compensation package includes a salary of $200,000 per annum, which aligns with market standards. This appointment is supported by the board and the Non-Executive Chairman, Malcolm McAully, expressed confidence in Mr. Knight's capability to lead the company into its next phase.
Key Points
  • Appointment of Robert Knight as CEO and Managing Director effective 1 July 2026.
  • Rob Knight has been a director since October 2024 and is the largest shareholder.
  • Significant involvement in operational and strategic initiatives.
  • Expansion of Coles store footprint from 300 to 800 stores.
  • Reestablishing Costco as a customer.
  • Relaunch of the Potato & Gravy product.
  • Acquisitions of Elato and Brilliant Food Australia.
  • Salary package of $200,000 per annum.
  • Strong board support, including from Non-Executive Chairman Malcolm McAully.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.