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Warrnambool troubles claim CEO 14 Apr 2009
Warrnambool Cheese and Butter has informed the stock exchange this morning that managing director and chief executive officer Neil Kearney has resigned. Warrnambool is currently in negotiations with National Foods regarding acquisition of 50 per cent of the Australian Cheese Company. Warrnambool has also downgraded its profit projection from a net profit of $6 million to a net loss of $10 million to $12 million.
The Weekly Times, 14/04/2009
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