The Shareholders of CPB Twyford have announced that the company's managing directory, Ray Spreadbury, will be retiring in June 1999.

From July next year, the present Technical Director, John Blackman, and Operations Director, Theo Labuda, will become co-managing directors. David Hamilton will continue as Finance Directory and Company Secretary.

For the past two years, CPB Twyford has posted an increasing operating profit and is well placed to grow still further on the strength of cereal and hybrid rape sales throughout the UK and EU.

The shareholders see the joint appointment providing a continuation of the strategy that has brought this success.

Ray Spreadbury's extensive experience on the UK seed industry will continue to be available to the Company as he will remain on the board as a non-executive director.

Company news release
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