Retail Food Group CEO Matt Marshall has resigned from his role, effective immediately, after just two years in the leadership position. Non-executive chair Peter George takes on the executive chair role and all CEO responsibilities while the board conducts a global search for Marshall’s replacement.
Marshall said he had been privileged to lead the RFG team through a period of transformation.
“We have redefined our culture to be purpose-led and have relentlessly focused on delivering quality improvements in all areas. These foundations will benefit franchise partners, our team and all stakeholders into the future,” Marshall said.
“I am deeply proud of the progress we’ve made and grateful to the team who have made it possible.”
Commenting on Marshall’s departure, George pointed to his hard work and commitment over the two years, which saw a steady improvement in underlying performance.
“Retail Food Group has made significant progress in that time, resolving legacy issues and sharpening its focus on the core brands with the greatest growth potential – Gloria Jean’s, Donut King, Beefy’s Pies, Crust and now Firehouse Subs.”
However, RFG reported a $14.9 million net loss after tax for FY25; in 2024, RFG had made a profit of $5.8 million.
Marshall, previously head of retail at RFG, took on the CEO role in 2023.
George joined the RFG board as a director in September 2018 and was executive chair with CEO responsibilities from November 2018 until Marshall’s appointment in July 2023, shifting to a non-executive chair role in July 2024.
