One of the top food producers in South Africa is RCL FOODS. With roughly 79.83% of the company’s shares, REMGRO Limited is the largest shareholder. Chairman George Steyn and CEO Paul Cruickshank are in charge of the business.
Ownership Structure
The majority shareholder of RCL Foods is Remgro Limited, a South African investment holding company. Remgro holds a substantial 79.83% stake in RCL Foods, translating to 713,877,658 shares. This significant ownership underscores Remgro’s influential role in RCL Foods’ strategic direction and governance.Wattagnet+4MarketScreener+4GlobalData+4
Leadership Team
At the helm of RCL Foods’ executive leadership is Chief Executive Officer Paul Cruickshank, who has been leading the company since November 2021. Supporting him is Chief Financial Officer Rob Field, who has been with the company since 2004. The Board of Directors is chaired by George Steyn, appointed in September 2024. The board comprises a mix of executive and non-executive directors, including individuals such as Carel Vosloo and Gugu Dingaan, who bring diverse expertise to the company’s governance. Wikipedia+5LinkedIn+5Reuters+5RCL FOODS+4MarketScreener+4RCL FOODS+4RCL FOODS+1MarketScreener+1
Recent Developments
In a strategic move to optimize its portfolio, RCL Foods announced in March 2024 its intention to unbundle its Rainbow Chicken business and list it separately on the Johannesburg Stock Exchange (JSE). This decision aligns with the company’s ongoing efforts to enhance sustainable earnings and deliver greater value to shareholders. Business Africa News+1Just Food+1Just Food+1Business Africa News+1
RCL Foods continues to play a pivotal role in the South African food industry, leveraging its extensive portfolio and strategic initiatives to meet the evolving needs of consumers in the region.