REG - Wynnstay Group PLC - New Chairman

WynnstayAnnouncement

15/02/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210215:nRSO0145Pa&default-theme=true

RNS Number : 0145P  Wynnstay Group PLC  15 February 2021

15 February 2021

AIM: WYN

 

WYNNSTAY GROUP PLC

("Wynnstay" or "the Group")

 

New Chairman

 

The Board of Wynnstay, the agricultural supplies group, announces that after
eight years as Chairman and 10 years as a member of the Board, Jim McCarthy,
will be stepping down from his position at the forthcoming annual general
meeting on Tuesday, 23 March 2021.

 

Jim will be succeeded by Steve Ellwood, Non-executive Director, who will take
up the role on 23 March. In order to ensure a smooth transition, Jim will
remain on the Board as a Non-executive Director until 31 July 2021 when he
will retire.

 

Steve joined Wynnstay's Board as Non-executive Director in January 2016. He
has significant experience of the UK agricultural sector, having previously
been Head of Agriculture at HSBC for 10 years, and Head of Food and
Agriculture at Smith & Williamson. Steve also holds non-executive
directorship positions at: NIAB Group, the crop science and research
organization; AH Worth, the fresh produce group, where he is Chairman; and
Velcourt, the international farm management group.

 

It is the Board's intention to appoint an additional non-executive director,
and it has commenced a recruitment process to identify suitable candidates.

 

Jim McCarthy, outgoing-Chairman of Wynnstay Group plc, commented:

 

"After 10 years on the Wynnstay Board, I step down, confident about the
Group's growth prospects. The business has a strong management team, clear
growth strategy, and robust balance sheet.

 

"I am delighted to handover to Steve. He is highly experienced, with
significant knowledge of the sector as well as of Wynnstay. I have no doubt
that he will help to drive the successful execution of the Board's strategy,
and wish him and all my colleagues every success."

 

Steve Ellwood, Chairman-elect of Wynnstay Group plc, commented:

 

"On behalf of the Board, I would like to thank Jim for his significant
contribution to the Board and to Wynnstay over the past 10 years. His
commitment to the Group has been outstanding.

 

"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."

 

Enquiries:

 Wynnstay Group plc                Gareth Davies, Chief Executive     T: 1691 827 142

                                   Paul Roberts, Finance Director

 KTZ Communications                Katie Tzouliadis / Dan Mahoney     T: 020 3178 6378

 Shore Capital (Nomad and Broker)  Stephane Auton / Patrick Castle /  T: 020 7408 4090

                                   John More

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOATTMRTMTIBBJB