Accordingly, Premier Foods and Oasis, Premier Foods’ largest shareholder, have entered into a customary relationship agreement. The agreements key terms include that Oasis will acquire in aggregate 10% of the ordinary share capital of the company by June 2018 and that Wosner will be appointed to the Remuneration Committee of the board.
David Beever, chairman of Premier Foods, said: “We are pleased to welcome Daniel Wosner of Oasis to the board as a non-executive director and look forward to working with him to drive the company’s long-term value and enhance value for all shareholders.
“Daniel’s perspective and experience will be a valuable addition to the team as we continue our effort to maximize the potential of out category leading brands, strong customer partnerships and supply chain expertise.”
Wosner joined international investment firm Oasis in 2016 and has previously held senior investment banking roles at Barclays and Lehman Brothers.