Diamond Foods to ditch top staff
Diamond Foods, the US-listed maker of Kettle crisps and Emerald nuts, is replacing its chief executive and chief financial officer and will restate its earnings for the last two years following an accounting probe. The investigation into payments to farmers has thrown into doubt the company’s deal to buy the Pringles snack business from Procter & Gamble. The firm’s shares tumbled 40 per cent last night. Diamond is still being probed by the Securities and Exchange Commission over the accounting.