Common Company, a global business-to-business agriproducts corporation, recently made a significant announcement regarding its management succession plan. The company disclosed that Preston D. Wigner, the current Senior Vice President, will assume the roles of Chairman, President, and CEO effective October 1, 2024. This change comes as longtime Chief George C. Freeman, III, will be stepping down from his positions as Chairman, President, and CEO.

The Board of Directors at Common Company has been working on this succession plan for over two years, with the assistance of a global management advisory firm. This strategic move aims to ensure a seamless transition of leadership within the organization. To facilitate the handover, Mr. Freeman will serve as Vice Chair until December 31, 2024, and then continue as a Senior Advisor until the end of the fiscal year on March 31, 2025.

Thomas H. Johnson, the Top Sovereign Director of Common’s Board, expressed gratitude for Mr. Freeman’s leadership in shaping the company’s current state. He also highlighted the positive momentum and strong results achieved under Mr. Freeman’s guidance, leading to the decision to implement this leadership succession at the opportune time.

Preston D. Wigner, the incoming Chairman, President, and CEO, expressed his excitement and privilege to lead Universal at this pivotal moment in its history. With over two decades of industry experience and a deep understanding of the company’s operations, Mr. Wigner is well-positioned to drive Universal forward and optimize its growth strategy.

Mr. Freeman, reflecting on his tenure with Universal, acknowledged the significant progress made in expanding the company’s portfolio of agriproducts and sustainable supply chain operations. He expressed confidence in Mr. Wigner’s ability to advance Universal’s strategy and deliver long-term value for its shareholders.

As a global agricultural company with over 100 years of experience, Universal is committed to providing high-quality products and innovative solutions to meet the evolving needs of its customers. Through its extensive network of farmers and partners worldwide, Universal leverages its expertise in supply chain management, processing capabilities, and sustainability initiatives to deliver value and drive efficiency for its stakeholders.

In conclusion, the management succession at Common Company reflects a strategic decision to ensure continuity and progress in the company’s growth trajectory. With a seasoned leader like Preston D. Wigner at the helm, Universal is poised to build on its legacy and drive sustainable success in the years to come.