Wynnstay chairman to step down following AGM
Wynnstay Group
600.00p
17:17 27/05/22
Agricultural supplies group Wynnstay revealed on Monday that longtime chairman Jim McCarthy would be stepping down from the role on 23 March.
Food Producers & Processors
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17:30 27/05/22
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968.25
17:20 27/05/22
After ten years, McCarthy will handover the job to non-executive director Steve Ellwood following Wynnstay's annual general meeting next month but will remain with the group until August in order to ensure a smooth transition.
The AIM-listed firm noted that it intends to appoint an additional non-executive director to replace Ellwood, with a recruitment process to identify suitable candidates having already begun.
Outgoing chairman Jim McCarthy said: "After 10 years on the Wynnstay board, I step down, confident about the group's growth prospects.
"I am delighted to handover to Steve. He is highly experienced, with significant knowledge of the sector as well as of Wynnstay. I have no doubt that he will help to drive the successful execution of the board's strategy."
As of 0825 GMT, Wynnstay shares were up 1.68% at 455.0p.