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Nutritional Growth Solutions Ltd. ( (AU:NGS) ) has shared an announcement.
Nutritional Growth Solutions has announced that CEO and Managing Director Stephen J. Turner will step down from his role, effective 30 January 2026, under a mutual agreement with the board. Turner will remain with the company until his departure date to ensure an orderly handover of information, systems and operational responsibilities, with all his remuneration and entitlements settled in full. Non-executive director Andrew Grover, an experienced executive and investor known for business turnarounds and growth, will assume the role of interim CEO without additional remuneration while the board searches for a permanent chief executive, signaling a leadership transition aimed at maintaining operational continuity and potentially sharpening the company’s strategic and commercial focus.
More about Nutritional Growth Solutions Ltd.
Nutritional Growth Solutions Ltd. is a global pediatric nutritional health company that develops, produces and sells clinically tested nutritional supplement formulas for children aged three to twelve. Based on two decades of medical research at Schneider Children’s Medical Centre in Israel, the company targets a segment of the supplements market that has been relatively underserved compared with adults and children under three, positioning itself with differentiated, clinically validated products and an expanding portfolio aimed at capturing this growth opportunity.
Average Trading Volume: 295,540
Technical Sentiment Signal: Sell
Current Market Cap: A$4.5M
See more insights into NGS stock on TipRanks’ Stock Analysis page.