(Alliance News) - NWF Group PLC on Wednesday said that David Downie no longer plans to take on the role of chair.
NWF is a Nantwich, England-based agricultural feed, food and fuel distributor.
In December, Senior Independent Non-Executive Director Downie agreed to takeover as chair at the company's annual general meeting in September 2022, replacing Philip Acton following the completion of nine years of service.
On Wednesday, NWF said that Downie will no longer assume the role of chair and will step down from the board on September 29.
In the meantime, Acton has agreed to remain as chair following the conclusion of the annual general meeting in September, and to oversee the appointment of a new non-executive chair.
"The board would like to thank David for his considerable contribution over the last five years, and wishes him well, as he looks to spend more time focussing on other portfolio commitments," the company said.
NWF shares were up 1.8% to 228.00 pence each in London on Wednesday mid-morning.
By Sophie Rose; sophierose@alliancenews.com
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Nwf (NWF)