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.
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