LONDON: Genus plc, an animal genetics company, announced that Stephen Wilson, currently Group Finance Director, has been appointed by the Board as Chief Executive with effect from the close of business on 13 September 2019.

This follows the announcement of 25 March 2019 that Karim Bitar will be stepping down from the Board and taking up the position of Chief Executive of another company.

Stephen has been with Genus since January 2013 and already has a very strong and deep understanding of Genus and has been an integral part of the team in the successful strategic and operational development of the Group in recent years, as it has continued to grow and strengthen its position as a world leader in animal genetics. Stephen was by far the strongest candidate for the role following a review of both external and internal candidates managed by an external search agency.

Stephen’s current finance responsibilities will be undertaken by Janet Duane, currently Group Financial Controller on an interim basis. A search for a permanent replacement Group Finance Director has already been initiated by an external agency.

Bob Lawson, Chairman of Genus, commented on Stephen’s appointment; “Genus is extremely fortunate to have such a strong individual in Stephen Wilson to fill the role of Chief Executive. Stephen has already had  significant strategic and operational input in the development of Genus and no one knows the business better than him.

“We are delighted that Stephen will drive Genus through the next stage of our continued growth, and it is clear that Genus is, and will continue to be, in strong hands.”

NNR