Food and financial services group GraceKennedy Limited has made another eight senior management changes, in furtherance of its ambitions towards being a global consumer group that earns the majority of its revenue from overseas holdings.
The conglomerate, which recently put muscle behind its digital transformation initiative and named one of its top strategists, Steven Whittingham, as its head, has now added a mergers and acquisitions or M&A unit to the mix in its hunt for 60 per cent of revenues from foreign markets.
It’s headed by Andrew Leo-Rhynie, the current managing director of GK Capital Management, who is exiting that position. He served as the head of GK Capital for nearly 1½ years, having taken over that position from Steven Whittingham in April 2019.
Leo-Rhynie and his team are said to currently have around 10 M&A prospects under review.
In the other changes announced by Group CEO Don Wehby, Douglas Robinson, who currently holds the post of vice-president of investment banking for GK Capital, has been promoted to acting managing director of that subsidiary; while Lee-Anne Bruce, GK’s current group chief risk and compliance officer, will be appointed chief audit executive.
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