Peet Limited announced the following pending changes to the composition of its Board, following Board renewal and succession considerations. Following nine years on the Board, Ms. Vicki Krause and Mr. Bob McKinnon have advised their intentions to retire at the 2023 Annual General Meeting (AGM). Given their tenure and after two years' of record profit growth, Vicki and Bob considered it an appropriate time to retire and allow an orderly renewal of the Board.

Peet also announced that Ms. Margaret Kennedy, Ms. Michelle Tierney and Mr. Greg Wall have been appointed Non-executive Directors of Peet. The appointments are effective from 25 August 2023. As required by the Peet Constitution, Ms. Kennedy, Ms. Tierney and Mr. Wall will offer themselves for election by shareholders at the 2023 AGM.

As part of the succession planning of the Board, Mr. Tony Lennon has informed the Board that he intends to retire as Non-executive Chairman and Director in the next 12 to 18 months being part of an orderly transition process. Mr. Anthony Lennon intends to remain on the Board as a Non-executive Director beyond Mr. Tony Lennon's retirement.