My Food Bag marketing chief resigns

Meal kit company My Food Bag’s chief marketing and customer officer has resigned. Louise Cunningham has handed in her resignation notice and her last day with the NZX-listed company will be July 16.

Cunningham joined My Food Bag in 2017 and “has been an important member of the My Food Bag family over a period of substantial transformation for the business”, the company said in a market announcement.

Her bio on the company’s website said Cunningham “develops marketing strategies that drive revenue growth, enhance customer experience and create social impact.”

In its NZX statement My Food Bag said Cunningham’s responsibilities would be performed by other members of the senior leadership team while it looks for a replacement.

My Food Bag listed on the New Zealand Stock Exchange on March 5, with many first-time investors left disappointed as the stock fell after listing amid high expectations.

The shares opened trading on the NZX yesterday at $1.76, down 5 per cent on the initial public offer price of $1.85, and ended the day at $1.74, down 6 per cent.

On the ASX on opening day, the stock at one stage fell A27c, or 14.6 per cent, to A$1.58 before recovering to be down about 5 per cent.