News: Goodman Fielder appoints new CEO

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Breads and spreads producer Goodman Fielder Ltd (ASX:GFF) has appointed Chris Delaney as the company's new chief executive officer. 



Mr Delaney comes from Campbell Soup Company and will replace Peter Margin, who announced his departure at the beginning of the year.



Mr Delaney will start as CEO on 4 July 2011 and has signalled medium to long term plans to move into high-growth Asian markets, adding, that the company is now not performing at the level it wants to be. 



In April Goodman Fielder downgraded its full-year earnings guidance and now expects to deliver a net profit between $140 million to $150 million in the 2011 financial year.



In the first six months of the 2011 financial year, Goodman Fielder recorded a net profit $95.6 million.