Universal Corporation (NYSE: UVV) recently 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, having held increasing roles of responsibility at Capital One Financial Corporation. Additionally, she currently serves on the board of VCU Health, an academic medical center.
Meanwhile, Michael T. Lawton, who has been an independent director since 2016, has decided to retire and will not stand for re-election to the board at Universal's 2025 annual meeting of shareholders to be held on August 5, 2025.
Preston D. Wigner, Chairman, President, and CEO of Universal, expressed his pleasure in welcoming Fay to the board, highlighting her expertise in human resources and her track record for helping to develop and reward high-performing organizations.
Manolios also expressed her excitement in joining the board, emphasizing Universal's commitment to its employees, farming partners, and communities. She looks forward to working alongside her fellow directors to oversee the continued execution of Universal's strategic priorities and initiatives.
In his retirement, Lawton expressed his appreciation for the opportunity to serve on the Universal Corporation board for the past nine years, acknowledging the company's performance and execution of new strategies during his tenure.
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. Today the company's shares have moved 1.21% to a price of $59.31. For the full picture, make sure to review UNIVER's 8-K report.
