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Retail Food Group Limited (ASX:RFG)

ALERT: Price-sensitive ASX Announcement for RFG
Current share price for RFG : $0.830 -0.61 (-42.36%)+
Release
12 Sep 2025 4:42PM
Price at Release
$1.440
Full Release
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Summary
Retail Food Group Limited (ASX: RFG) announced the immediate resignation of CEO Matt Marshall. Chairman Peter George will assume the role of Executive Chairman while the company searches globally for a new CEO with strong franchise experience. Mr. George, who has extensive experience in corporate turnarounds, was previously Executive Chairman and will now temporarily take on CEO duties to ensure a smooth transition. During Mr. Marshall's tenure, the company improved its performance, resolving legacy issues, and focusing on key brands like Gloria Jean’s and Donut King. Mr. Marshall will receive statutory entitlements and some performance rights, with others being forfeited. The company remains focused on expanding its core brands and introducing Firehouse Subs in Australia.
Key Points
  • CEO Matt Marshall resigns effective immediately.
  • Chairman Peter George to act as Executive Chairman.
  • Board seeks a new CEO with franchise experience.
  • RFG improved performance under Marshall's leadership.
  • Focus on expanding core brands like Gloria Jean's and Donut King.
  • Firehouse Subs to be introduced in Australia.
  • Marshall to receive statutory entitlements and partial performance rights.
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.