Ruralco slumps to second straight loss
Farmer co-operative Ruralco has slumped to its second straight financial loss.
Ruralco Group chief executive Robert Sharkie is resigning after six years in the role and eight years with the co-operative.
“I have thoroughly enjoyed my time at Ruralco, the challenges it has provided and I am very proud of Ruralco’s achievements during my time at the helm,” says Sharkie.
“It is the dedication and the passion of the people who work for Ruralco that has made these achievements possible and I commend them for their efforts and wish them well,” he adds.
Sir David Carter, chairman of Ruralco, says he has accepted Sharkie’s decision with mixed emotions.
“Rob’s contribution to Ruralco has been significant, but I respect his decision that the time is right for him to pursue another chapter in his life,” Carter says. “He leaves with my complete support and best wishes for his future endeavours.”
Ruralco’s GM people and culture Tony Aitken will step into the role of acting chief executive while the board initiates its recruitment process for a new chief executive.
Aitken comes from a background in people leadership and was part of Synlait’s journey as it grew from 140 staff to over 1,000.
He will begin in the acting chief executive position at Ruralco on 1 September 2023.
Beef + Lamb New Zealand (B+LNZ) says recent criticism from the UK’s Secretary of State for Environment, Food and Rural Affairs regarding New Zealand’s animal welfare standards are unfounded.
A big shakeup in the honey sector is about to take place with the news that the industry good body, ApiNZ, and the export focused Unique Manuka Factor Honey Association are looking to merge to form a new industry body.
ANZ says the latest cut to its floating rates will be welcome news to many of its business and agri customers still feeling the effects of high inflation and interest rates.
OPINION: What a difference a year can make.
Fonterra has introduced a new UHT bakery cream for its booming foodservice business in China.
Auckland manufacturer and distributor of colostrum-based supplements, New Image International, celebrated its 40th anniversary this month.
OPINION: NIWA has long weathered complaints about alleged stifling of competition in forecasting, and more recently, claims of lack of…
OPINION: Adding to calls to get banks to 'back off', NZ Agri Brokers director Andrew Laming has revealed that the…