Co-owner of FWP Matthews, Graham Matthews, has sold his interest for an undisclosed sum to pursue new challenges.
The family-run flour miller has now employed new members to the board following Graham Matthews’ departure.
Managing director and relation of Graham, Paul Matthews, has been joined by brother Stephen Matthews as financial director, and Nigel Freer as non executive chairman.
Graham had worked for the Oxfordshire-based milling business for 28 years, which is now one of the leading organic flour millers. The company specialises in a range of French products with its partners Moul-Bie.
Stephen has previously worked at the Charles Taylor accountancy firm, where he was also financial director.
He said: “It is a pleasure to join the family business after many years in the City. This is a big change for us internally and we will do our best to minimise the impact on our many customers and suppliers.”
Freer has spent his career in the food and drink industry, and was previous CEO of Merrydown Cider.
He said: “I am now delighted to be back as an investor and NX chairman to assist Paul and Stephen on strategy and development of the company. We already have an exciting and ambitious strategy in place, which we are all keen to be getting on with.”