• CEO Matt Marshall to leave the Company
• Chairman Peter George to act as Executive Chair during global search for new CEO
• Board committed to identifying a new leader with deep franchise experience

Retail Food Group Limited (ASX: RFG) today announces the resignation of Chief Executive Officer Matt Marshall, effective immediately, and the appointment of Non-executive Chairman Peter George as Executive Chairman while the Board conducts a global search for a new CEO. Mr George will take on all CEO responsibilities, effective immediately, with the Company committed to ensuring a smooth transition. The Board would like to thank Matt for his hard work and commitment to the Company over the past five years, the last two as CEO - a period that saw a steady improvement in underlying performance, as reflected in the recent FY25 results. 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. Mr George has enjoyed a successful 30-year career as a senior executive and non-executive director, including extensive professional experience of corporate turnarounds. He joined the RFG Board as a director in September 2018 and was Executive Chairman with CEO responsibilities from November 2018 until the appointment of Mr Marshall in July 2023. There are no changes to RFG's outlook or its priorities of enhancing its core brands through prioritising retailing excellence and technology to expand them to at least 200 domestic outlets for each brand, and growing its network domestically in core brands, including via its new agreement to introduce the highly successful US brand Firehouse Subs in Australia, and internationally with Gloria Jean's and Donut King as its focus.