German frozen food manufacturer Frosta appointed a new supervisory board at its general meeting last Thursday, reports Lebensmittelzeitung. Dirk Ahlers has been named chairman of the supervisory board after ceding his seat at the head of the board of directors to Dr Thomas Braumann. Ahlers succeeds Dr Herbert Müffelmann, who has been appointed deputy chairman of the board of directors.
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Braumann gave investors a positive account of how turnover has developed in the first quarter of 2001, with sales up 19.5%. All business areas contributed to this strong performance, with special mention being made of the new branded business in Poland. Production began at the group’s new ready meal factory in Bydgoszcz on 22 June 2001.
Frosta shareholders are to receive a dividend of DM1.5 (US$0.65) per share, in line with last year. However, this level could only be maintained by Dirk Ahlers foregoing the dividends payable on four million of his shares.
