Duxton Farms Ltd (ASX:DBF) has disclosed that founder and Chairman Ed Peter will step down as Chairman at the conclusion of the company's Annual General Meeting on 18 November 2026 and retire as a Director effective 31 December 2026, with the company to appoint an independent Chair and an additional new Director over the course of the 2027 Financial Year.

Key Points

  • Ed Peter will cease as Chairman at the conclusion of the AGM on 18 November 2026
  • Peter will retire as a Director of Duxton Farms effective 31 December 2026
  • The company will appoint an independent Chair and a new Director during the 2027 Financial Year
  • All other Board and Committee positions remain unchanged

Retirement of Founder and Chairman Ed Peter

According to the filing, Ed Peter is the founder of Duxton Farms and has been responsible for developing the initial investment thesis and constructing the original portfolio of assets, which has evolved over the course of nearly 20 years. Peter oversaw the listing of the company in 2018 and has played a key role in guiding the underlying investment strategy for a large portion of the past decade. The company stated that Peter has decided to retire from the Board to facilitate a refresh in management as the portfolio enters its next period with a broadened exposure to the Australian agricultural sector.

Ed Peter's Statement on His Departure

In a statement included in the filing, Peter said the company started with a relatively small collection of broadacre farming assets with a narrow investment thesis focused on mispriced land assets. He described Duxton Farms as now a "truly diversified agricultural enterprise" representing viticulture, apiculture and horticulture operations in Australia. Peter stated he is "immensely proud" of the work accomplished and indicated he looks forward to following Duxton Farms' development as a shareholder in future. He also expressed confidence that the portfolio has what he described as "an exceptionally strong foundation for substantial long-term growth."

Board Statement and Transition Process

The Board released a statement acknowledging Peter's leadership, noting that Duxton Farms currently holds a diversified portfolio spanning multiple agricultural enterprises across multiple regions and climatic zones, and balancing what the Board described as mature, cash-generating operations with developing assets. The filing states that the company will announce further updates to the Board of Directors in due course. The Board indicated it will carry forward the same discipline and long-term perspective, with a focus on delivering value for shareholders. All other Board and Committee positions remain unchanged at this time.