Chemicals and fertiliser maker Omnia, which, last week, drew criticism for its plans to raise new equity despite saying a month before it was adequately funded, says chair Rod Humphris has stepped down with immediate effect.
Ralph Havenstein, the board’s lead independent director, will succeed Humphris, who has spent 20 years on the board, including in the capacity of non-executive chair since June 2017. He was previously the company’s MD. “The company today is vastly different from the one that I joined in 1982 as a young project engineer.”after the group said it needed to issue fresh equity to cut debt.
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