Directorate change
Updated : 07:00
ECO Animal Health Group plc
7 March 2019
(AIM: EAH)
Directorate Change
ECO Animal Health Group plc announces that Peter Lawrence, having been with the Company since 1972 when he founded the business, will step down from his role as Non-Executive Chairman with effect from today. The Company also announces that Mr Richard Wood has been appointed to the Board as Non-Executive Chairman of the Company, also effective today. Peter and Richard will work closely together over the next few months to ensure an orderly handover of duties.
Richard Wood has considerable global animal health experience having built Genus plc from a small company privatised by the government, into a world leading animal genetics company. Richard currently sits on the board of Anpario plc as Senior Independent Director. Richard was previously a non-executive director of Avon Rubber plc and was also chairman of Ocean Harvest Technology Inc, a small manufacturer of therapeutic animal feeds using seaweeds.
Peter Lawrence commented:
“It has been my pleasure to work with the Company and its loyal employees and customers over the past 47 years. We are delighted that Richard has agreed to replace me as chairman, as he has vast industry knowledge and City experience which will allow him to lead the executive team during the Company’s next stage of growth.”
Marc Loomes (CEO) commented:
“On behalf of the Board I would like to sincerely thank Peter for his enormous contribution to the growth and development of the Company during his time with the business. We are delighted that Richard has agreed to take over the role of Chairman, as he brings significant sector and City experience to the Board. This experience will help support the expansion plans of ECO Animal Health, including investment in product development programmes and the broadening of our portfolio offer and new geographical presence.”
Richard Wood commented:
“I am delighted to succeed Peter Lawrence as Chairman. ECO Animal Health is an excellent business with a highly committed team. I have been impressed by the achievements of the management and I look forward to working with them to deliver the next stage of ECO Animal Health’s growth.”
In accordance with Schedule Two, paragraph (g) of the AIM Rules, Richard Kenneth Wood (aged 74) holds or has held in the past 5 years the following directorships and partnerships:
| Current | Former directorships/partnerships within last five years | |
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Save as disclosed above, there is no further information required to be disclosed in respect of Richard Wood pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.
Contacts:
| ECO Animal Health Group plc Peter Lawrence Marc Loomes | 020 8336 6190 020 8447 6906 | |
| Spiro Financial Anthony Spiro
IFC Advisory Graham Herring | 020 8336 6196
0203 934 6637 | |
| N+1 Singer (Nominated Adviser & Joint Broker) Mark Taylor James White Brough Ransom | 020 7496 3000 | |
| Peel Hunt LLP (Joint Broker) James Steel Dr Christopher Golden | 020 7418 8900 |
About ECO Animal Health Ltd
ECO Animal Health based in London U.K. is a leader in the development, registration and marketing of pharmaceutical products for global animal health markets. Its products for these growth markets promote well-being in animals and include the novel antimicrobial, Aivlosin®, as well as a range of generic therapeutic products.
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