- Murray River Organics (MRG) has appointed Birol Akdogan as its new CEO and Managing Director
- Birol has been acting in the role since January 15 and was previously the company's Chief Financial Officer
- With more than 25 years' experience in ASX-listed companies, the senior executive looks forward to growing the business' branded products
- The CEO's employment agreement reflects a 20 to 25 per cent cut to MRG's Managing Director and non-executive directors' remuneration
- The cuts, announced as part of the company's half-year results, will help redirect funds toward new product development and marketing
- MRG shares are up 1.69 per cent, trading at 30 cents
Murray River Organics (MRG) has appointed Birol Akdogan as its new Managing Director and CEO following a review by the company's board.
Murray River Organics is a leading Australian producer of certified organic and natural food products, servicing the healthy food and snack industries.
Birol, who is an accomplished senior executive, has been acting as Interim CEO since January 15 and was previously the company's Chief Financial Officer.
With more than 25 years' experience in ASX-listed companies, Birol was previously the global vice president of finance at Ansell (ANN), where he was involved in over $1 billion of merger and acquisition initiatives from 2008 to 2020.
Birol, who is a chartered accountant with MBA and Bachelor of Commerce degrees from the University of Melbourne, commented on his new appointment.
"I am excited about the challenges that this opportunity affords me and look forward to reshaping the business to deliver value and profitability to shareholders and to see our branded products grow and gain even more recognition on the shelves of our supermarkets and health stores," he said.
The CEO's employment agreement reflects a 20 to 25 per cent cut to the company's remuneration for its Managing Director and non-executive directors'. The cuts were announced to the ASX in MRG's half-year results on February 26.
The company will redirect the funds into growth initiatives and the promotion and development of new products.
MRG shares are up 1.69 per cent on Friday, trading at 30 cents at 12:36 pm AEDT.