Collins Foods Limited announced that Mr. Drew O'Malley has informed the Board of his intention to step down as CEO, effective 1 July 2024. Mr. Kevin Perkins will remain in the role of Interim Managing Director and CEO as the Board undertakes a local and international CEO search. The Board granted Mr. O'Malley an extended leave of absence in February 2024 to support his wife, Jola, and their family while Jola underwent treatment for serious illness.

Tragically, Jola passed away in April, and Mr. O'Malley has subsequently decided to step down to focus on his family. Non-executive Director Mr. Perkins has been Interim Managing Director and CEO since 5 February 2024. The Board will commence a global search for a new CEO to lead the Company's next phase of growth and development.

Kevin Perkins continues as Interim CEO: Former Collins Foods' CEO, Kevin Perkins, will continue in the Interim Managing Director and CEO role while the Board undertakes the CEO search. Mr. Perkins has more than 40 years' experience with Collins Foods and has been a Non- Executive Director of the Company since he retired as CEO in 2014.