Ruralco slumps to second straight loss
Farmer co-operative Ruralco has slumped to its second straight financial loss.
Body chaired the Ruralco board for the past two years and served as a director since 2011.
Body has agreed to continue to support the business until June 30 when he will retire from the board.
The Ruralco board has appointed Jessie Chan-Dorman as chair-elect. She will be the first female chair of the board.
Ruralco says Body will aid in her succession.
The co-op says during his tenure Body initiated and led a full governance review leading to an overhaul of the board function, rebrand of the business, reorganisation of senior management and a return to profitability. He also chaired the joint venture with Ravensdown that saw the creation of the Ruralco brand.
“The Ruralco board acknowledges the significant contribution Alister has made over eight years of service and his infectious passion for Ruralco and the members it serves.”
