Nufarm appoints new CEO

Date:05-07-2015

Nufarm Limited appoints chief operating officer and acting CEO Greg Hunt as the company’s new managing director and CEO. Hunt’s appointment is effective immediately.

Nufarm chairman Donald McGauchie says Hunt was appointed following a global search for a successor to long-time managing director and CEO Doug Rathbone, who stepped down from the role in early February. Hunt had been acting CEO since that time.

“After taking on the role in an interim capacity, Greg has demonstrated strong leadership and progressed the company’s ambitious program of change and performance improvement,” McGauchie says. “We remain on target to significantly strengthen our returns to shareholders through targeted cost savings, more effective management of working capital and profitable growth. The board has full confidence in Greg being able to deliver on those objectives.”

Hunt, 55, joined Nufarm in 2012. Before being appointed to the acting CEO position, he was responsible for the company’s global commercial operations. He is a former managing director of Elders Rural Services and has worked with global private equity firms focused on the agriculture sector. Hunt is also a non-executive director of Costa Group.