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Wools of New Zealand Appoints New CEO

14 June 2013


Wools of New Zealand Appoints New CEO

Wools of New Zealand Limited is pleased to announce the appointment of Ross Townshend as its new Chief Executive Officer. The appointment follows the successful capitalisation of Wools of New Zealand completed in March of this year and is in line with the company’s strategy of putting the necessary people and processes in place to effectively run a 100% grower-owned sales and marketing company.

Mark Shadbolt, Chairman of Wools of New Zealand, said that after a rigorous selection process spanning several months the Board was delighted that Townshend, a Waikato sheep farmer and a shareholder of Wools of New Zealand, had accepted the role.

“In
addition to his strong agribusiness sector credentials, Ross brings on board a global business perspective across the primary sector - from procurement and operations to supply chain and international marketing - honed through more than 10 years of senior operational roles with Rank Group companies’ Goodman Fielder, Bluebird Foods, Evergreen Packaging, Carter Holt Harvey and New Zealand Dairy Foods.

Townshend, who has a Bachelor of Technology from Massey University and an Advanced Management Programme (AMP) from Harvard Business School, is a director of Tatua Co-operative Dairy Company Limited.

“The Board of Wools of New Zealand has done a great job of raising capital and securing grower commitment. I look forward to the challenge of restoring wool to a profitable enterprise that it once was and we all need it to be again,” Townshend said.

Townshend will take up the role on 1 August, though he will be involved in planning sessions with key management and the Board over the coming weeks.

ends

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