Directorate Change

Following a 27-year tenure, Somero® announces that Jack Cooney will retire as Chief Executive Officer and President of Somero Enterprises, Inc. on March 31, 2025. He will remain a consultant to the business for a further year to ensure an orderly handover, and the Board will begin the search for a new CEO immediately.

Jesse Aho, who has worked for Somero for over 16 years and has been the Chief Operating Officer of Global Operations and New Produce Development since May 2024, has been promoted to President effective immediately.

Larry Horsch, Chairman of the Board, will also step down as Chairman following the arrival of the new CEO. The new Chairman will be chosen from the present Board of Directors and Larry will remain on the Board on an interim basis.

With these changes, the Board of Directors believes that the execution of the succession plan, announced on 3 June 2024, will be complete on the appointment of the new CEO.

As reported in the 30 July 2024 trading update, the Board is confident that the results for the full year will be in line with market expectations. The Company will announce its full year results in March 2025.

The Directors of Somero said: "On behalf of the Board, I would like to thank both Jack and Larry for their unwavering commitment to Somero over so many years. Their hard work and dedication have been integral in helping Somero to become the company it is today."