Alliance plans to offload 65% of shares for $250m
Alliance Group has announced plans to sell a 65% stake in the farmer-owned co-operative to Irish meat processor Dawn Meats Group for $250 million.
“We are looking for individuals with a deep connection to the meat industry or agribusiness sector, excellent judgment, and strategic reasoning,” he says.
“The ideal candidates will have governance experience, or show potential in this area, along with proven problem-solving skills, commercial acumen, and an ability to think strategically for the future.
“Equally important are strong communication skills, a commitment to environmental sustainability, and the ability to connect with our customers, stakeholders, and communities, including regulatory bodies and iwi."
His comments come as nominations have opened to fill two board vacancies for meat co-operative Alliance Group Ltd.
Farmer director Jason Miller is retiring by rotation and will not be standing for re-election. There is one other vacancy following the retirement of for chair Murray Taggart.
Wynne thanked Miller for his service to the board.
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Miller was elected as a supplier representative in 2015. He was also a director on the Alliance board from 2007-2013.
“He has made a valuable contribution to the board, consistently demonstrating a deep understanding of Alliance’s values and the needs of our farmers,” says Wynne.
“His experience and strategic insight have been valuable during both stable and challenging times for the company."
Nominations must be made on the official form, which can be obtained from the Returning Officer Warwick Lampp, electionz.
Each nomination form must be signed by the nominee. Nominations must be received by the Returning Officer by Monday 7 October at 3pm.
The election result will be announced at Alliance Group’s annual meeting of shareholders in Gore on 18 December.
