- Release Date: 21/12/12 12:50
- Summary: OFFICE: LIC: Change at helm of LIC
- Price Sensitive: No
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LIC 21/12/2012 10:50 OFFICE REL: 1050 HRS Livestock Improvement Corporation Limited (NS) OFFICE: LIC: Change at helm of LIC Mark Dewdney, CEO of farmer owned cooperative Livestock Improvement (LIC) will step down from his position on 31 May 2013. He is keen to fulfil his long held goal to be a 'hands on' dairy farmer and wishes to couple this with expanding his professional Director roles. Mark Dewdney was recently appointed to the Tatua Cooperative Company Ltd Board as Director. Announcing the resignation, LIC Chairman Murray King said that Mark joined LIC in 2006 indicating that he expected to fill the role for five to seven years. "He has done that, delivering outstanding financial returns to shareholders and overseeing an organisation which provides a large number of innovative solutions for New Zealand dairy farmers, and has developed a world class team of staff. "LIC reviewed its strategy in 2012 and is well positioned for the phase of growth with clear direction and a significant programme of investment." On 1 March 2013 current COO David Hemara will assume the role of Acting CEO while an international search for a new CEO is conducted. Mark Dewdney will continue to support David Hemara and the Board until 31 May 2013. Mark Dewdney has extensive experience within the dairy industry both internationally and in New Zealand. Immediately prior to joining LIC he was the Managing Director for Fonterra's Asian Ingredients businesses and, previous to those postings held senior management roles with Fonterra, both within New Zealand and internationally, with NZ Dairy Group, LIC International, Crean Foodservice and the Tatua Dairy Company. Ends Media contact : Clare Bayly, LIC Communications Manager, phone 027 499 8862 [email protected] End CA:00231529 For:LIC Type:OFFICE Time:2012-12-21 10:50:13
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