CEO placed on leave; Interim Co-CEOs appointed amid review of Sababa acquisition proposal

Whole Earth Brands, Inc.

Michael Franklin, CEO, placed on leave effective July 16, 2023; he is a partner in Mariposa Capital, an affiliate of Sababa.
Rajnish Ohri (President & COO International) and Jeffrey Robinson (President Mafco) appointed as Interim Co-CEOs.
Special Committee (Steven Cohen, Irwin Simon, Denise Faltischek) continues evaluating Sababa proposal and other alternatives.
No additional compensation for interim Co-CEOs has been determined by the Board.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Rajnish Ohri

Interim Co-Chief Executive Officer

Whole Earth Brands, Inc.

Effective: 2023-07-16
Filed: July 17, 2023, 7:59 PM ET

In the interim, the Board has appointed Rajnish Ohri, the Company’s current President and Chief Operating Officer – International Business (Branded CPG segment), and Jeffrey Robinson, the Company’s current President Mafco (Flavors & Ingredients segment), to act as the Company’s Interim Co-Chief Executive Officers, effective immediately.

Appointed (interim)

Jeffrey Robinson

Interim Co-Chief Executive Officer

Whole Earth Brands, Inc.

Effective: 2023-07-16
Filed: July 17, 2023, 7:59 PM ET

In the interim, the Board has appointed Rajnish Ohri, the Company’s current President and Chief Operating Officer – International Business (Branded CPG segment), and Jeffrey Robinson, the Company’s current President Mafco (Flavors & Ingredients segment), to act as the Company’s Interim Co-Chief Executive Officers, effective immediately.

Departed

Michael Franklin

Chief Executive Officer

Whole Earth Brands, Inc.

Effective: 2023-07-16
Successor: Rajnish Ohri and Jeffrey Robinson
Filed: July 17, 2023, 7:59 PM ET

On July 16, 2023, the Board of Directors of the Company (the “Board”) unanimously resolved to place Mr. Michael Franklin, Chief Executive Officer of the Company, on a leave of absence, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rajnish Ohri was appointed as Interim Co-Chief Executive Officer at Whole Earth Brands, Inc..

Action: appointed
Role: Interim Co-Chief Executive Officer

Exact text from the filing

In the interim, the Board has appointed Rajnish Ohri, the Company’s current President and Chief Operating Officer – International Business (Branded CPG segment), and Jeffrey Robinson, the Company’s current President Mafco (Flavors & Ingredients segment), to act as the Company’s Interim Co-Chief Executive Officers, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Robinson was appointed as Interim Co-Chief Executive Officer at Whole Earth Brands, Inc..

Action: appointed
Role: Interim Co-Chief Executive Officer

Exact text from the filing

In the interim, the Board has appointed Rajnish Ohri, the Company’s current President and Chief Operating Officer – International Business (Branded CPG segment), and Jeffrey Robinson, the Company’s current President Mafco (Flavors & Ingredients segment), to act as the Company’s Interim Co-Chief Executive Officers, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Franklin departed as Chief Executive Officer at Whole Earth Brands, Inc..

Action: placed on leave
Role: Chief Executive Officer

Exact text from the filing

On July 16, 2023, the Board of Directors of the Company (the “Board”) unanimously resolved to place Mr. Michael Franklin, Chief Executive Officer of the Company, on a leave of absence, effective immediately.

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-23-081459

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.