Duxton Farms chairman Ed Peter to exit as second pay strike looms

Detailed summary

The company was hit with a protest vote against its pay report at last year’s annual meeting, following an unpopular buyout of four agricultural businesses ...

Ed Peter, a founder and large shareholder of ailing dried fruit, beekeeping and pistachio nut group Duxton Farms, which is mired in heavy losses, will step down as chairman of a company at its annual meeting on Wednesday.

Duxton Farms suffered a huge protest vote of 73 per cent against its remuneration report at last year’s annual meeting after an unpopular $77 million buyout of four unlisted agricultural businesses: Duxton Bees, Duxton Dried Fruits, Duxton Walnuts and Duxton Orchards.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.