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.
Wynne, who is the chief executive of Ballance Agri-Nutrients, replaces Graeme Milne who will retire at Alliance’s annual meeting on December 16.
Alliance Group chair Murray Taggart says Wynne will bring strong skills to the board, due to his extensive experience in agribusiness, including 20 years in the dairy industry.
“Mark has significant experience in global sales and marketing, business transformation and co-operatives. We are looking forward to him making a valuable contribution to the board.”
Taggart also paid tribute to Milne and thanked him for his contributions to the Alliance Group over the past nine years in his role as a director.
The meat co-op’s annual meeting on December 16 will be hosted online due to COVID-19 restrictions. Farmer shareholders have been sent a formal notice of the meeting, which begins at 10:30am.
