Business
Director Changes and Trading Update
Director Changes and Trading Update.
About this update from Camellia Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5283K\n Camellia PLC\n 06 May 2022\n \n \n \n \n \n \n \n Friday 6 May 2022\n \n \n Camellia Plc\n \n \n Director Changes and Trading Update \n \n \n Resignation of CEO\n \n \n Camellia Plc announces that Tom Franks, having substantially achieved the objective of focusing the group's investments into the core activities of agriculture and food and beverage distribution, has indicated his wish not to stand for re-election at the forthcoming Annual General Meeting (\"AGM\") which is expected to be held in late June. \n \n \n The Board is initiating a search process to identify a new Chief Executive Officer (\"CEO\") and will update the market in due course. Malcolm Perkins will take on the CEO duties in the interim, after the AGM. \n \n \n Malcolm Perkins, Chairman, commented:\n \n \n \"I would like to thank Tom for his contribution to the business as CEO since 2015, including through a very challenging few years. We wish him well for the future.\"\n \n \n Appointment of independent non-executive Director \n \n \n Camellia is pleased to announce the appointment of Rachel English, a Fellow of the Institute of Chartered Accountants, as an independent non-executive director of the Company with effect from Friday 6 May 2022. \n \n \n Rachel has extensive international and general management experience, having served on the board of several significant businesses including as set out below under additional disclosures. She has a particular focus on ESG matters.\n \n \n Resignation of Independent non-executive Directors \n \n \n Camellia also announces that William Gibson and Gautam Dalal have indicated that they will not be standing for re-election at the forthcoming Annual General Meeting. The Company thanks them both for their contribution to the Board and wishes them well in the future. \n \n \n Further appointment of new non-executive Directors to the Board will be announced in due course. The Company remains committed to complying with the principles set out in the Quoted Companies Alliance Corporate Governance Code. \n \n \n Trading Update \n \n \n 2021 Results\n \n \n Full year results in respect of the year to 31 December 2021, which are in line with the guidance issued in December 2021, are expected to be announced in late May.\n \n \n Outlook for 2022\n \n \n Revenu...