Inghams Group Ltd (ASX: ING) is Australia and New Zealand’s largest integrated poultry producer.
Today, Inghams announced that Jim Leighton will join the Board of the company as the new Managing Director and Chief Executive Officer. He is expected to take over the role by the end of the calendar year.
Jim Leighton was most recently President and Founder of 40North foods.
Company Chairman Peter Bush said “Having conducted a global and domestic search we have no doubt that Jim is the right person to lead Ingham’s. He was the standout candidate and we are thrilled he is moving to Australia from the United States to take up the role.”
“Jim currently serves on the Board of Aryzta, a €4 billion, public, global specialty baking business head quartered in Europe.”
Jim Leighton said “I am extremely excited, privileged and honoured to accept the role of Managing Director and Chief Executive Officer of Inghams. There are very few companies that have the rich heritage and legacy of success as Inghams.”
The Inghams share price was down 0.75% to $3.97 as of close today. It recently announced a 12.4% increase of net profit after tax (NPAT) to $114.6 million in its FY18 result.
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The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.