News: GNC Graincorp to simplify its business structure

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    Aug 31 (Reuters) - Graincorp Ltd (GNC) :

    • Simplifying its business structure through creation of a single grains business unit from existing storage & logistics and marketing businesses
    • Will continue to report storage & logistics and marketing separately for its FY17 result
    • There would be no change or disruption to Graincorp's preparations or roles critical for coming harvest
    • Klaus Pamminger has agreed to take responsibility for running combined business unit, and will be appointed group general manager, grains
    • Group general manager, storage & logistics, Neil Johns will leave Graincorp
 
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