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


PGG Wrightson appoints Ian Glasson as new chief executive

PGG Wrightson appoints Ian Glasson as new chief executive

By Paul McBeth

Oct. 25 (BusinessDesk) - PGG Wrightson has hired former Gold Coin/Zuellig Agriculture head Ian Glasson to take over the Kiwi rural supplies business starting next month.

Glasson replaces Mark Dewdney, who signalled his departure in June, and has an extensive career in agricultural business including Gold Coin, where he was responsible for running a billion-dollar business including animal feed operations and farming ventures, and related Zuellig business CB Norwood Distributors, a farm machinery business in Australia and New Zealand.

"Ian brings impressive qualifications for leading an agricultural business such as PGW and we are pleased to have him join the company," chair Alan Lai said in a statement. "Ian will remain an external director of SunRice, one of the largest branded rice food companies in the world, and is looking forward to relocating to Christchurch with his family for his role at PGW."

Dewdney, a former chief at Livestock Improvement Corp, replaced George Gould in charge of Wrightson, coming in just after the rural services firm wrote off $321 million from the goodwill accrued in the 2005 merger with Pyne Gould Guinness. Since then, Wrightson has posted stable earnings despite last year's dairy price slump.

Wrightson increased annual profit 5.7 percent to $46.3 million in the June 2017 year, even as sales were weighed down by wet autumn conditions hampering the New Zealand harvest and dragging on the firm's seed and grain business.

The shares last traded at 57 cents and have gained 15 percent so far this year.



© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>