Parmalat’s administrator, Enrico Bondi, has announced that he will be
standing to be chairman of the dairy company in board elections in two weeks’
Bondi was planning to step down after the company relisted this month, but
was persuaded to run for election by a group of investors headed by the Lehman
He has made it clear that his plans for the company are based around
strengthening it so that it can be a future acquirer.
‘My objective is to secure a clear and strong mandate to lead Parmalat into
the next phase of its development – establishing the group as the Italian-based
consolidator in the multinational food sector,’ he said in a statement to the
Parmalat creditors, who exchanged most of the group’s debt for shares in the
re-listing, will vote on the new board at a meeting on 7 and 8 November.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children