Nomad Foods Announces Changes to Its Board of Directors

Rhea-AI Summary

Nomad Foods Limited (NYSE: NOMD) has appointed Golnar Khosrowshahi and Melanie Stack to its Board of Directors, succeeding Jeremy Isaacs and Simon White, who will not stand for re-election on June 30, 2021. Co-Chairman Noam Gottesman expressed confidence that the new appointees will enhance leadership and support the company's long-term growth strategy. Khosrowshahi brings extensive experience from Reservoir Media Management, while Stack has over 30 years in management within consumer products, previously serving as President EMEA of Newell Home Fragrance Division.

Positive

• Appointment of experienced board members Khosrowshahi and Stack enhances leadership.
• New directors bring diverse expertise beneficial for Nomad's growth strategy.

Negative

• Replacement of long-serving board members may indicate potential continuity concerns.

Nomad Foods Limited (NYSE: NOMD) today announced that it has appointed Golnar Khosrowshahi and Melanie Stack to its Board of Directors. They are expected to replace Jeremy Isaacs and Simon White, who have served as Nomad Foods board members since 2016 and will not stand for re-election at the company’s annual general meeting on June 30, 2021.

“We are delighted to welcome Golnar and Melanie to our Board of Directors,” said Noam Gottesman, Nomad Foods’ Co-Chairman and Founder. “They bring a wealth of experience which will complement our existing leadership and support Nomad’s long-term growth strategy and ambition of delivering superior value creation for all stakeholders. We thank Jeremy and Simon for their tenure and are grateful for the impact that they have had over the past five years.”

About Golnar Khosrowshahi

Golnar Khosrowshahi is the Chief Executive Officer of Reservoir Media Management Inc., an award-winning independent music company. Prior to her time at Reservoir, Ms. Khosrowshahi worked in a number of different roles in advertising, design and experiential marketing for Fortune 500 companies. Khosrowshahi serves as a Director of Restaurant Brands International Inc. and as a director and advisor to a number of non-profits.

About Melanie Stack

Melanie is the President and Chief Executive Officer of Ideal Protein, a medically based weight-loss company. Ms. Stack has over 30 years of experience in general management and marketing with a focus on European consumer products and services. Prior to joining Ideal Protein, she served as President EMEA of Newell Home Fragrance Division. Throughout her career, Ms. Stack has held various leadership roles at multi-national consumer focused companies.

About Nomad Foods Limited

Nomad Foods (NYSE: NOMD) is Europe's leading frozen foods company. The company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Aunt Bessie's and Goodfella's, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com

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FAQ

Who are the new board members appointed by Nomad Foods?

Golnar Khosrowshahi and Melanie Stack have been appointed to the Board of Directors.

What positions did the departing board members hold at Nomad Foods?

Jeremy Isaacs and Simon White served as board members since 2016.

When will the new board members start their roles?

The new appointees are expected to take their positions following the annual general meeting on June 30, 2021.

What companies has Golnar Khosrowshahi been associated with?

She is the CEO of Reservoir Media Management Inc. and a director at Restaurant Brands International Inc.

What experience does Melanie Stack bring to the board?

Melanie Stack has over 30 years of experience in general management and marketing, with a focus on European consumer products.