27th Jun 2019 09:41
(Alliance News) - CLS Holdings PLC on Thursday said Lennart Sten is to become independent non-executive chair with effect from August 14.
Sten will replace outgoing Executive Chair Henry Klotz
The property investor said Sten was appointed to the board in August 2014 and will continue to serve as a member of the company's Remuneration and Nomination Committees.
"Lennart has been an independent non-executive director for five years and has extensive property and international public company experience," said Executive Director & Founding Shareholder Sten Mortstedt.
"Henry has dedicated much of his career to the group, having joined in 1999, and has been a key part of our success," Mortstedt continued. "We all wish him well in his retirement."
CLS Holdings shares were trading 0.5% lower on Thursday morning in London at 211.94 pence each.
Related Shares:
CLS Holdings