Wynnstay Group PLC - Powys, Wales-based agricultural supplies and specialist merchanting company - Says that Chief Executive Officer Gareth Davies has requested and been granted a leave of absence, starting with immediate effect. Company says Davies requested leave "to focus on a serious family matter". Chair Steve Ellwood is named executive chair in Davies' absence, again effective immediately. Group Finance Director Rob Thomas will also assume "additional responsibilities".
Ellwood says: "The board is fully supportive of Gareth's request...Wynnstay has a strong senior management team in place, which alongside the additional steps we have taken, will ensure that Gareth's period of leave is fully covered. We look forward to his return to the business in due course."
Current stock price: 372.50 pence, down 3.3% on Monday
12-month change: down 30%
By Emma Curzon, Alliance News reporter
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Wynnstay (WYN)