Universal Corporation (NYSE: UVV) has announced the appointment of Fay Manolios to its board of directors, effective June 1, 2025. Manolios brings over 25 years of experience in strategy development and human resources, most recently serving as the Managing Vice President and Head of Total Rewards at Capital One Financial Corporation. In addition, Michael T. Lawton, an independent director since 2016, has decided to retire and will not stand for re-election at Universal’s 2025 annual meeting of shareholders.
Preston D. Wigner, Chairman, President, and CEO of Universal, expressed his pleasure in welcoming Manolios to the board, citing her deep insight into human resources and track record for developing and rewarding high-performing organizations. Manolios, in turn, expressed her delight in joining the board and looks forward to working alongside her fellow directors to oversee the continued execution of Universal’s strategic priorities and initiatives.
Mr. Wigner also expressed gratitude to Mr. Lawton for his numerous contributions and service to Universal over the past nine years. Lawton, on the other hand, remarked on his enjoyment of serving on the Universal Corporation board for the past nine years and expressed his best wishes for the company's continued success in his retirement.
Universal Corporation, a global agricultural company with over 100 years of experience, supplies products and innovative solutions to meet its customers’ evolving needs and precise specifications. The company leverages its extensive supply chain expertise, global reach, integrated processing capabilities, and commitment to sustainability to provide a range of products and services designed to drive efficiency and deliver value to its customers. The market has reacted to these announcements by moving the company's shares 1.21% to a price of $59.31. If you want to know more, read the company's complete 8-K report here.
