Dutch food group Wessanen, has sacked both the chief executive and the chief financial officer of its US health food chain Tree of Life, in the wake of a profits warning.

Wessanen also said that chairman Mac Zondervan has decided to stand down following the disappointing results, although he will remain at the helm until a successor has been found.

Wessanen has dropped its net profit forecast for 2002 to around 35m to 40m euros - compared with its previous outlook of 50m euros - due to continued troubles at Tree of Life.

The company said all other Wessanen companies are “performing at least in line with expectations”.