Select Harvests (ASX:SHV) has just announced a change to its board.
The Chairman of Select Harvest Limited, Travis Dillon, is pleased to announce the appointment of Margaret Zabel to the Board as Non-Executive Director.
Margaret joins the Board with extensive experience across numerous industries including FMCG, food, technology and communications.
She currently holds two Board positions in ASX listed companies being The Reject Shop (ASX:TRS) and G8 Education Ltd (ASX:GEM).
Additional, Margaret holds Non-Executive Director roles in Collective Wellness Group and Fairtrade Australia & New Zealand.
Shares of Select Harvests have risen 0.801% 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.