Amira Nature Foods Ltd Announces Appointment of Bruce Wacha as Chief
Financial Officer Based in New York
Company Adds Executive with Extensive Global and Emerging Growth Consumer
Packaged Goods Industry Experience
DUBAI, United Arab Emirates -- May 29, 2014
Amira Nature Foods Ltd (the “Company”) (NYSE: ANFI), a leading global provider
of branded packaged Indian specialty rice, today announced the appointment of
Bruce Wacha as Chief Financial Officer, effective June 2, 2014. Mr. Wacha will
report to Karan A. Chanana, Amira’s Chairman and Chief Executive Officer. Mr.
Wacha will help establish a corporate and sales office in New York City where
he will be based. In his role as Chief Financial Officer, Mr. Wacha will
manage corporate finance, accounting and audit. In addition, he will work
directly with Mr. Chanana to manage the Company’s U.S. and global business
strategy, corporate planning and governance. Mr. Wacha will also serve as an
Executive Director on the Company’s Board of Directors.
“We are excited to have Bruce join Amira as a key member of our executive team
based in New York, bringing with him extensive corporate finance, M&A,
planning and analysis and capital markets experience,” said Mr. Chanana.
“Bruce comes to Amira with more than 15 years of experience in the financial
services industry, most recently at Deutsche Bank where he served as a
strategic advisor to Amira. We look forward to Bruce’s contributions as we
continue to execute on our strategic growth initiatives in the U.S. and
globally to extend the presence of the Amira brand in new and existing
Mr. Wacha served as a Director in Deutsche Banks’s Global Consumer group
advising corporate clients across the food, beverage and consumer products
landscape. Prior to Deutsche Bank he also held positions with Merrill Lynch &
Co, Inc. and Prudential Securities, Inc. Mr. Wacha earned both a Bachelor of
Arts and a Masters of Business Administration from Columbia University’s
Columbia College and Columbia Business School, respectively.
“I am very excited to join Karan and the Amira team,” said Mr. Wacha. “After
working with the Company for the past three years, including on its October
2012 initial public offering, it’s a tremendous opportunity for me to help
them further capitalize on their future U.S. and global growth opportunities
from the Company’s new office in New York.”
About Amira Nature Foods
Founded in 1915, Amira has evolved into a leading global provider of branded
packaged Indian specialty rice, with sales in over 40 countries today. Amira
sells Basmati rice, which is a 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 global
headquarters are in Dubai, United Arab Emirates, and it also has offices in
India, Malaysia, Singapore, the United Kingdom, and the United States. For
more information please visit www.amira.net.
Katie Turner, 646.277.1200
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