19th Aug 2019 09:16
(Alliance News) - Benchmark Holdings PLC said Monday founder & Chief Executive Officer Malcolm Pye will stand down at the end of November, with Chair Peter George taking on executive functions until a new boss is appointed.
Pye will stand down at the end of November in order for a new chief executive to be appointed to "drive the next phase of Benchmark's growth and development." He will remain a non-executive director.
Until a new chief executive is hired, Chair Peter George will become executive chair following the standing down of Pye.
"On behalf of the board, I would like to take this opportunity to thank Malcolm for his considerable contribution during his time with the group," George said. "We are delighted that he will remain with Benchmark in a NED role, which will ensure we retain his significant expertise."
"I joined Benchmark because I loved Malcolm's passion for the business and sector; he has been instrumental in developing a culture in the business that is passionate about sustainability and animal welfare, and we are committed to building on that process," George continued. "We have begun the search for his successor and look forward to updating on progress and ensuring a smooth handover of duties in due course."
Shares in Benchmark were 2.4% lower at 40.00 pence in London on Monday.
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