American Vanguard Corp. (AVD) announced on Monday that Eric Wintemute, the Chairman and Chief Executive Officer, stepped down from his CEO position on July 12, 2024.
Wintemute will continue as Chairman of the Board and will provide consulting services to the Company on a part-time basis.
Lead Director Scott Baskin revealed the establishment of an Office of CEO to be led by CFO David Johnson, SVPHR Shirin Khosravi, CIO/General Counsel Timothy Donnelly, and board member Mark Bassett.
He also stated that during the search for a new CEO, all functions will report to the OCEO, with Donnelly serving as Acting CEO for financial disclosures.
The company stated that further details will be provided during the upcoming earnings call in early August.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.