Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Ballance signals CEO’s retirement plans

Ballance signals CEO’s retirement plans


Ballance Agri-Nutrients Chairman David Peacocke has announced that Larry Bilodeau will be retiring as Chief Executive of the co-operative at the end of September. His retirement will end 17 years with the co-operative, 14 of them as Chief Executive.

Mr Peacocke said that under Mr Bilodeau’s leadership Ballance had evolved from a fertiliser business to a co-operative covering the full spectrum of farm nutrient requirements.

“Larry has always ensured our co-operative has stayed one step ahead of our shareholders’ and customers’ needs. He developed and led our strategy and ensured we earned our place as a trusted name in complete farm nutrient management. That trust is reflected in our consistent financial performance.”

Mr Peacocke said Ballance would undertake a global search for Mr Bilodeau’s replacement and was focused on finding a successor who could continue to take the co-operative forward.

“Larry has set very high standards and our Board is committed to ensuring his successor has the same strategic and leadership qualities which have been so evident during his leadership.”

Mr Bilodeau, who began his career as General Manager of Ballance’s Kapuni urea plant in 1997, said he was looking forward to the next six months and ensuring the co-operative stayed on track with its growth strategy and performance goals.

“We have been very proud of our performance in recent years, capped off by last year’s record result and rebate. My priorities now are to ensure the business remains in very good shape financially, operationally and strategically so my successor is very well placed to continue our growth path,” said Mr Bilodeau.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>