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Ross Warburton named chairman of Institute for Family Business

Ross Warburton, a fifth-generation family member of the UK bakery company Warburtons, has been appointed the new chairman of the Institute for Family Business.

He replaces Andrew Wates, of the Wates Group, who has been chairman for the last three years.

Warburton (pictured) said on taking up his new appointment: "Family firms are the backbone of the UK economy and a source of business stability at a time of economic uncertainty with their guiding principles of stewardship and entrepreneurship."

Warburton was previously president of the Food and Drink Federation and remains an executive director at Warburtons, which was founded in 1876. He joined the family business in 1985 and was appointed executive chairman in 1991, a position he remained in until 2001. Fellow fifth-generation members Brett and Jonathan Warburton serve as executive director and chairman respectively.

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