Join our daily newsletter At The Bell to receive exclusive market insights
- Inghams Group (ING) is reshuffling its board following the exit of its Chief Executive Officer
- CEO Jim Leighton is leaving the company to return to the United States, leaving Andrew Reeves to take over the role of Chief Executive Officer and Managing Director
- Reeves will receive a total fixed remuneration of $1.1 million per annum, inclusive of superannuation, effective from today
- Jim Leighton will remain with the company until the end of the financial year to facilitate an orderly handover
- The Inghams board is now conducting a search for an independent director to replace Andrew Reeves
- Inghams Group is down 4.72 per cent, trading at $3.43 per share
Inghams Group (ING) is reshuffling its board following the exit of its Chief Executive Officer.
Effective today, Andrew Reeves has been appointed Chief Executive Officer and Managing Director after current CEO Jim Leighton announced his departure from the company to return to the United States.
Reeves will receive a total fixed remuneration of $1.1 million per annum, inclusive of superannuation, effective from today. He will also be eligible to participate in the company’s short term incentive of up to 150 per cent of his salary.
Andrew Reeves comes with more than 40 years’ experience in leadership and governance roles, having previously held the position of CEO of George Weston Foods, and Managing Director and Executive Director of Lion Nathan.
“Ingham’s is fortunate to have someone of Andrew Reeves experience and calibre on our board and in a position to become our Chief Executive Officer. His great knowledge of Ingham’s will ensure a smooth transition and no loss of momentum in the business”.
Jim Leighton will remain with the company until the end of the financial year to facilitate an orderly handover.
The Inghams board is now conducting a search for an independent director to replace Andrew Reeves.
Inghams Group is down 4.72 per cent, trading at $3.43 at 3:00 pm AEDT.
