(Alliance News) - Camellia PLC on Thursday said its chief financial officer will not stand for re-election at its annual general meeting and so has named a successor.
The agriculture and engineering services firm said CFO Susan Walker will leave the company after making a "significant" contribution since her appointment in 2015.
It has named Oliver Capon as her successor, following an "extensive" candidate search process. Camellia noted Capon has thirty years of experience, including at oil major Shell PLC.
Capon will initially join Camellia as finance director designate on May 28 and will become CFO following the AGM on June 6 and join the board.
"He brings to the company deep technical and strategic capability, significant international business experience, strong commercial acumen and extensive leadership skills," Camellia said.
Walker will continue working with the company until September 30 for a handover and will provide advisory support until March 31, 2025.
She will remain a non-executive director on some of Camellia's boards, including the Goodricke Group Ltd and Bangladesh tea company boards.
Shares in Camellia were up 0.6% to 4,536.00 pence each in London on Thursday afternoon.
By Greg Rosenvinge, Alliance News senior reporter
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Camellia (CAM)