"My decision marks the next phase for the successful ongoing development of the company and is one that I, as sole shareholder, have considered for a number of years," he said.

Mr Ingham's family have endorsed his decision and are also proud to have their name associated with the largest integrated poultry business in Australasia.

The day-to-day operations of Inghams will continue as usual under the direction of the CEO Kevin McBain and his team.

Investec Bank (Australia) Limited has been appointed to manage the process of identifying a suitable buyer for Inghams from a broad range of potential bidders. The Investec managed process is expected to take several months.

Inghams is, as always, committed to growing the business and continuing to offer its customers the highest levels of quality and service.