MTY Names Victor E. Mandel CEO as Foodtastic Makes a $43-a-Share Proposal
Photo: TokenPost
MTY Food Group Inc. named director Victor E. Mandel its CEO effective immediately Nov. 3, replacing outgoing CEO Eric Lefebvre, as Foodtastic separately made public a nonbinding $43-per-share cash proposal for MTY. Lefebvre’s departure and resignation from the board were mutually agreed. No specific reason was given for the leadership change. Mandel will also leave his board committee roles; he chaired the audit committee and served on the Compensation, Nomination and Governance Committee. Mandel previously held chairman, chief financial officer and director positions at public companies. He also served as a vice president in Goldman Sachs’ Investment Research Department.
Source: TokenPost
