Plummeting sales forces C-Dax to cease trading
Farmer-owned co-operative Ravensdown is winding down the operations of its agritech subsidiary C-Dax following a long decline in sales.
Current chief executive Greg Campbell will be leaving the role in May next year.
Ravensdown chairman John Henderson will be leading the board’s selection committee.
“Greg’s accomplishments have been exceptional and, on behalf of all stakeholders, I want to thank him for his leadership,” says Henderson.
“We will now follow the process to ensure a smooth transition and appreciate the staff and management’s efforts as we select an appropriate successor.”
Campbell, who has headed Ravesndown for eight years, says the time felt right to move on, but there was no specific role lined up.
“I’m a director on several boards and that seems enough at this point. I’ve been a CEO for different organisations now continuously for over two decades so it will be good to pause, take stock and see what life holds in store,” he says.
“I’ll be leaving a cooperative that is in good heart and in a strong position to help shareholders with their goals relating to food production and environmental impact.”
