Wynnstay Group PLC - Powys, Wales-based agricultural products firm - Promotes Non-Executive Director Steve Ellwood to role of chair, effective from the company's annual general meeting on March 23, succeeding Jim McCarthy who will step down after eight years in the role.
Wynnstay notes Ellwood - who joined the board as a non-executive director in January 2016 - has significant experience of the UK agricultural sector. He is currently a non-executive director at crop science & research organization National Institute of Agricultural Botany and chair at fresh produce company AH Worth & Co Ltd.
"I am excited about the group's prospects. Wynnstay is very well-positioned, both operationally and financially, as the agricultural sector embarks on a transition set by Brexit and the UK Agriculture Bill. We believe that there is a clear opportunity for Wynnstay to assist UK farmers to feed the nation in a more sustainable, environmentally-friendly and profitable way," Ellwood says.
Wynnstay says it has commenced a recruitment process for an additional non-executive director.
Current stock price: 450.50 pence
Year-to-date change: up 34%
By Ife Taiwo; ifetaiwo@alliancenews.com
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