Elders appoints new Chief Executive Officer
Elders has taken another step to cement itself as a pure agribusiness by appointing a new Chief Executive Officer with extensive agribusiness experience.
Mark Allison, who has been chairing Elders’ Executive Committee since November last year, has been appointed Chief Executive Officer and Managing Director.
Mr Allison’s appointment follows the recent addition of two new non-executive directors, creating a board with a single industry focus, of which every director has strong agricultural experience.
New Chairman Hutch Ranck, said Mark Allison has extensive CEO experience with a number of successful rural businesses including Wesfarmers Landmark, Wesfarmers CSBP, Makhteshim Agan Australasia, and Crop Care Australasia.
“In particular, Mark’s experience in running a rural distribution network and his understanding of the opportunities and challenges facing the rural industry, both domestically and abroad, are highly relevant to Elders’ operations,” he said.
Mr Allison said he is honoured to take on the CEO role at Elders as the company continues its progress as a pure agribusiness.
“Elders is a company with an established branch network, an internationally recognised brand and market-leading positions in key product areas and geographies and we owe it to all our stakeholders to perform to our potential and deliver real value,” Mr Allison said.
“We will continue our focus on creating a culture that is values, safety and performance-based. We will strive to strengthen and expand our domestic retail, agency and financial service products and international operations. We’ll also continue to pursue our capital management and balance sheet improvement objectives,” he said.
“I am mindful that Elders’ staff, clients, security-holders, suppliers and financiers have been through significant change and challenging times in recent years, but I am very encouraged by the progress we are now making towards our goals,” he said.