Australia's Inghams hits near 4-month high after naming new CEO

Inghams

16/12/2024 04:34

** Shares of Inghams Group  ING.AX  rise as much as 1.3% to
A$3.2, hitting their highest level since Aug. 23
    ** Poultry producer names insider Edward Alexander as new
group CEO and managing director
    ** Alexander, who will start in his new role in June 2025,
was earlier chief executive of co's New Zealand business since
2022
    ** Current CEO and MD Andrew Reeves to retire next year
    ** Stock logs biggest intraday pct gain since Dec. 5
    ** Inghams down 19.7% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))