SYDNEY: Nuchev Limited (ASX:NUC) announced the appointment of Greg Kerr as Chief Executive Officer, effective from 14 October 2022.
Greg Kerr will take over the role from Mr Ben Dingle Managing Director and Chief Executive Officer.
Having founded Nuchev Limited in 2013 with a vision to make “food for a better life”, Mr Dingle and the Board have been considering the appointment of a new Chief Executive Officer, to drive the delivery of the strategy, for some time.
Mr Dingle has been the Managing Director and Chief Executive Officer since taking the company public in 2019, after founding and establishing Nuchev in 2013.
Mr Dingle said, “I take great pride that I founded and with the help of others, managed Nuchev through its formative years. As a 45% shareholder, I remain fully committed to Nuchev and feel now is the right time to transition to a strategic role. Given Greg’s proven track record in scaling and growing businesses, I am confident that we have now found the right individual to lead Nuchev as CEO and I look forward to working and supporting Greg.”
The Board undertook an extensive recruitment process to find the right capability to lead the organization going forward.
The Chair, Mr Justin Breheny said, “This is an exciting new phase in the growth of Nuchev. The Board with Ben has been contemplating CEO succession for some time. Given we are through the peak of the COVID-19 pandemic, we agree this is the right time to make a transition. We are delighted to secure a CEO of Greg’s calibre and experience to lead the Company through its next growth phase.”
Mr Kerr has led multiple consumer-branded organisations including 2XU, Marlin Brands and Adidas ANZ.
Throughout his career, Greg has successfully spearheaded start-up, transformational and turnaround agendas all requiring a unique strategic focus depending on the situation and industry. Mr Kerr’s has proven strength in building brands through consumer insight, creating a compelling vision and strategy and driving results.
Mr Dingle currently owns 45% of the organisation and has confirmed he has no intention of changing this shareholding. He will remain strategically invested in Nuchev, in the role of Executive Director and Chair of the Company’s newly formed, Strategy & Mergers & Acquisitions Committee.
In his new role, Mr Dingle will focus on a smooth transition for Mr Kerr and provide ongoing strategic input and industry knowledge. Mr Kerr will have full accountability for the performance and growth of the Nuchev business.
Nuchev is an Australian based, globally oriented food business with a dedicated focus on developing, marketing, and selling a range of premium Australian-made nutritional products.