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

Reuters
16 Dec 2024
BUZZ-Australia's Inghams hits near 4-month high after naming new CEO

** 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10