This follows current CE Mark Dewdney announcing he will step down from his position on May 31 to fulfil a long-term ambition to be a ‘hands on’ dairy farmer and expand his professional director roles. Dewdney was recently appointed to the Tatua Cooperative Company Ltd board as a director.
On March 1, current chief operating officer David Hemara will assume the role of acting chief executive while the position is advertised. Dewdney will continue to support Hemara and the board until May 31.
Announcing the resignation, LIC chairman Murray King says Dewdney joined LIC in 2006 indicating 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,” says King.
“LIC reviewed its strategy in 2012 and is well positioned for the phase of growth with clear direction and a significant programme of investment.”
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.
