Ballance Returns to Profit, Announces $18.2m Rebate
Ballance Agrinutrients chief executive Kelvin Wickham says despite a tough year, he is pleased the business has returned to profit.
A 34-year veteran with Fonterra, Wickham retired last year from the co-op as head of business activities across Africa, Middle East, Europe, North Asia, and the Americas, along with global oversight of the Active Living Functional Nutritional Unit and the NZMP brand.
Prior to that he was responsible for the business unit NZMP, the biggest dairy ingredients selling and marketing entity in the world. He has lived in Shanghai where he led Fonterra's Greater China business across the full value chain from farms to brands. In an earlier supplier and external relations role, he worked closely with farmer shareholders, with responsibility for Fonterra's farmer facing teams as well as engaging with key New Zealand government and external stakeholders.
Wickham says he's grateful for the opportunity to lead Ballance which plays an important role in New Zealand's economic engine.
"We have a strong foundation, as a pioneering food-producing nation built on the innovation and resilience of our farmers and growers.
"It is important to me that we harness the opportunities of global customers and consumers for our communities at home in a way that ensures we have a sustainable, prosperous food and fibre value chain throughout the world," says Wickham.
Ballance chair Duncan Coull says Wickham's appointment reflects the board's ongoing commitment for Ballance to be fit for purpose in a fast-evolving world.
"Kelvin's wide-reaching experience in the marketplace, his passion for innovation, strong focus on people and driving performance will ensure the co-operative is well placed to serve the needs of our customers and shareholders into the future," says Coull.
Wickham will replace Mark Wynne, who steps down at the annual general meeting after nine years in the role.
"I want to take this opportunity to thank Mark Wynne once again for his leadership of Ballance. His efforts and dedication have resulted in long-term achievements that have significantly and positively impacted the growth and sustainability of the business and the food and fibre sector," says Coull.
"Mark will be missed by the Ballance team, and we wish him all the very best for the future."
