Advertisement

Genus announces retirement of Group Finance Director

Genus announced Thursday that Group Finance Director John Worby will be stepping down after eight years at the leading global animal genetics firm.

Genus announced Thursday that Group Finance Director John Worby will be stepping down after eight years at the leading global animal genetics firm.

Worby - who joined the board in 2004 as non-executive director before being appointed the group finance director - is set to retire from the board of the FSTE 250 company next March as he focuses on his non-executive portfolio.

Advertisement - Article continues below

"During his time at Genus, John has been an invaluable member of the Board in both his Non-Executive and Group Finance Director capacities," Chairman Bob Lawson said in a statement.

"His vast knowledge and experience supporting quoted companies has helped Genus to develop strong relationships with its shareholders and has been a huge source of strength for the CEOs with whom he has worked. We are very grateful to John for all his contributions over the years and on behalf of the board, we wish him well in his retirement. "

Stephen Wilson, who is currently Executive Vice President and Chief Financial Officer of financial software provider Misys, will step into Worby's shoes.

Wilson was Vice President and CFO of IBM UK prior to joining Misys. He is also a fellow of the Chartered Institute of Management Accountants and is a non-executive director of Xchanging.

Chief Executive of Genus, Karim Bitar, has welcomed Wilson to the board. "We are delighted that Stephen will be joining Genus," Bitar said.

"He brings strong financial and business development skills, and will be a valuable business partner, with his experience of working in large global enterprises and his record of building strong finance teams. I am looking forward to working closely with Stephen in continuing to execute our exciting and ambitious growth strategy."

Genus has a market capitalisation of £855.78m. Its share price dropped 0.07% to 1,409.00p at 09:20 Thursday.

RD

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
Share tips of the week
Share tips

Share tips of the week

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
10 Jul 2020