Amira Nature Foods Ltd Hires Brio Financial Group to Assist with Focus on International Growth & Departing Chief Financial Of...
16 Maio 2019 - 10:11AM
Business Wire
Amira Nature Foods Ltd (the "Company") (NYSE: ANFI), a global
provider of packaged specialty rice, today announced the hiring of
Brio Financial Group as financial consultants to the Company, to
replace the current Chief Financial Officer Varun Sethi, whose last
day with the company will be 30 June 2019. The Company has hired
Brio Financial Group in connection with the Company’s effort to
Westernize its corporate finance and executive team while the
Company focuses on the international growth of its brands.
The Brio Financial Group has an extensive financial and consumer
industry background. The Company believes their many years of U.S.
public company accounting experience will assist it in Westernizing
its finance department, while it focuses on international growth.
The Brio Financial Group ,which will also support the Company’s
ongoing financial reporting, has nearly two decades of experience
in assisting various private and public companies in financial
reporting, internal control development and evaluation, budgeting
and forecasting.
Varun Sethi, who has served as the Company’s Chief Financial
Officer since August 2017, has agreed to assist the Company in the
orderly transition of his CFO responsibilities. His departure is
not based on any disagreement with the company’s accounting
principles, practices or financial statement disclosures.
About Amira Nature Foods
Founded in 1915, Amira has evolved into a global provider of
packaged specialty rice, with sales in over 40 countries today.
Amira sells Basmati rice, premium long-grain rice grown only in
certain regions of the Indian sub-continent, under their flagship
Amira brand as well as under other third party brands. Amira sells
its products primarily in emerging markets through a broad
distribution network. Amira’s headquarters are in Dubai, United
Arab Emirates, and it also has offices in India, Germany, the
United Kingdom, and the United States.
Cautionary Note on Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the U.S. federal securities laws. These forward-looking
statements generally can be identified by phrases that we or our
members of management use such as “believe,” “expect,”
“anticipate,” “foresee,” “forecast,” “estimate” or other words or
phrases of similar import. Specifically, these statements include,
among other things, statements that describe our expectations for
the global rice market, the financial impact of new sales contracts
on our revenue, our expectations regarding the successful efforts
of our distribution partners and other statements of management’s
beliefs, intentions or goals. It is uncertain whether any of the
events anticipated by the forward-looking statements will transpire
or occur, or if any of them do, what impact they will have on our
results of operations, financial condition, or the price of our
ordinary shares. These forward-looking statements involve certain
risks and uncertainties that could cause actual results to differ
materially from those indicated in such forward-looking statements,
including but not limited to our ability to locate a suitable CFO
replacement; perform our agreements with customers; our ability to
recognize revenue from our contracts as planned; continued
competitive pressures in the marketplace; our reliance on a few
customers and distribution partners for a substantial part of our
revenue; our ability to implement our plans, forecasts and other
expectations with respect to our business and realize additional
opportunities for growth; and the other risks and important
considerations contained and identified in our filings with the
Securities and Exchange Commission. All forward-looking statements
attributable to us or to persons acting on our behalf are expressly
qualified in their entirety by these risk factors. Other than as
required under the securities laws, we undertake no obligation to
update any forward-looking or other statements herein, whether as a
result of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190516005625/en/
Wendy EguezThe Amira
Group+447340071854wendy.eguez@theamiragroup.com
Amira Nature Foods (NYSE:ANFI)
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