Neogen Announces Richard Crowder's Resignation As Director

Neogen Corporation NEOG revealed that Richard Crowder, 77, has resigned as a Director of the company and from its Board. He will be with the company until the month end. There was no reason given for his retirement except that of personal reasons.

The company said that since 2009, Crowder has been a member of the Board and was elected to a new three-year term in October last year. The company is expected to appoint an interim director to replace Crowder to complete his term.

Neogen's Chairman and CEO James Herbert said, "Dick Crowder has been a great asset to the Board and a good advisor to me through his years with Neogen. Ambassador Crowder brought a wealth of background and experience to our Board having served as United States Chief Agriculture Negotiator, Under Secretary of U.S. Department of Agriculture, and numerous corporate board memberships. Currently a member of the faculty at Virginia Tech University, Dr. Crowder has 40 years of experience in agriculture and trade industries. We certainly thank him for his service."

On Monday, the stock traded down by 0.21 percent.