Amira Nature Foods Ltd (ANFIF)

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Amira Nature Foods Ltd Hires Brio Financial Group to Assist with Focus on International Growth and Departing Chief Financial Officer

9:12 am ET May 16, 2019 (BusinessWire) Print
Amira Nature Foods Ltd (the "Company") (NYSE: ANFI), a global provider of packaged specialty rice, today announced the hiring of Brio Financial Group as financial consultants to the Company, to replace the current Chief Financial Officer Varun Sethi, whose last day with the company will be 30 June 2019. The Company has hired Brio Financial Group in connection with the Company's effort to Westernize its corporate finance and executive team while the Company focuses on the international growth of its brands.

The Brio Financial Group has an extensive financial and consumer industry background. The Company believes their many years of U.S. public company accounting experience will assist it in Westernizing its finance department, while it focuses on international growth. The Brio Financial Group ,which will also support the Company's ongoing financial reporting, has nearly two decades of experience in assisting various private and public companies in financial reporting, internal control development and evaluation, budgeting and forecasting.

Varun Sethi, who has served as the Company's Chief Financial Officer since August 2017, has agreed to assist the Company in the orderly transition of his CFO responsibilities. His departure is not based on any disagreement with the company's accounting principles, practices or financial statement disclosures.

About Amira Nature Foods

Founded in 1915, Amira has evolved into a global provider of packaged specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third party brands. Amira sells its products primarily in emerging markets through a broad distribution network. Amira's headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Germany, the United Kingdom, and the United States.