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

Reuters

2024/12/16

** 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;))

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