Nufarm (ASX:NUF) has just announced a change to its board.
The Board of Nufarm Limited is pleased to announce that Ms Alexandra Gartman will be appointed as a Non-executive director of the Nufarm Board with effect from 23 September 2022.
Alexandra brings over 25 years of deep industry experience in rural, agriculture and community focused organisations and is the former CEO of the Rural Bank, a division of the Bendigo & Adelaide Bank.
Alexandra serves in boards across agriculture, banking and the environment. As the current Chair of Victorian Agriculture & Climate Change Council and as a Director of the Australian Farm Institute, her experience will bring invaluable insight to our board.
Shares of Nufarm have fallen 3.148% following the announcement.
Any change in the make-up of a company?s board can have an impact on a company?s stock price.
Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.
However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.
As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.