Search is underway for new chair at Devro

Devro, the Scottish food products firm, has launched a search for a newchairmanaftergerard Hoetmer said he intends to retire next year.

Hoetmer has been a director of the Moodiesburn-based firm since 2013 and chairman since 2014.

He said: “Having overseen the implementation of the recent capital investment programme, recruitment of a new senior management team and establishment of a new global organisational structure it is time for a new chair to oversee the next stage of Devro’s development. I wish the company every success for the future.”

He will step down after the firm’s annual general meeting on 25 April.

Theannouncementcame as the firm said trading in the first four months of the financial year has been in line with expectations.

Although there have been strong sales rises in North America, Latin America, and South East Asia, the company said Russia has been “challenging” and there has been continued weakness in the Japanese market.