On Tuesday, Australia’s Freedom Foods Group stated, its Chief Executive Rory Macleod had resigned.
The development comes in the wake of the snacks and cereal maker tapping advisers to probe the company’s financial health.
Last week, Freedom Foods, the maker of Messy Monkey branded snacks, had announced Macleod’s unexplained leave saying it aims to write down the value of its inventory and raise provisions for bad debts in 2020.
In its statement, Freedom Foods said Macleod has resigned from all board and executive positions.
Trading in the company’s shares have been halted since June 24, 2020 following an investigation into its financial position.