James Ogden has resigned from the chairmanship of New Zealand poultry company Tegel Group, effective immediately.
Ogden had been the chairman for about a year, joining the company ahead of its initial public offering in May 2016, reported Scoop.
The company, which is New Zealand’s largest poultry producer, did not cite a reason for Ogden’s departure, but did offer the following statement: “The board would like to take this opportunity to thank Mr. Ogden for his leadership and dedication to the board and Tegel over the past year and wishes him all the very best for the future.”
Board member David Jackson was selected to succeed Ogden. Meanwhile, the company is searching for a new director to fill Jackson’s position.
According to the WATTAgNet Top Poultry Companies Database, Tegel holds about fifty percent of New Zealand’s poultry market share, as well as 90 percent of the market share for the turkey industry. Its brands are Tegel, Rangitkei, Top Hat and Pure New Zealand Premium Chicken.
Tegel chairman James Ogden unexpectedly quits
Tegel Group chairman James Ogden has unexpectedly quit the board effective immediately after less than a year overseeing the poultry company's direction as a publicly listed company, without an explanation.