Argan, Inc. announced that Rainer H. Bosselmann, Founder, Chairman retired effective August 16, 2022. The Board of Directors of Argan has appointed David H. Watson to succeed Mr. Bosselmann as President and Mr. Watson will also join the Board. Additionally, current Board member William F. Leimkuhler has been appointed Chairman of the Board.

The Board has also promoted Richard H. Deily, age 68, to the position of Senior Vice President, Treasurer and Corporate Secretary effective August 16, 2022. Mr. Deily was hired by the Company in October 2007 and has served the Company as its Vice President, Corporate Controller, since January 2015. Lastly, the Board has also appointed current Board member William F. Leimkuhler as Chairman of the Board, effective August 16, 2022.