Business
Senior Management & Board Changes
Senior Management & Board Changes.
About this update from Pacsco Limited
[{"type":"text","content":"\n \nRNS Number : 9294B Agriterra Ltd 15 January 2018 \n\nAgriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture\n \nAgriterra Ltd ('Agriterra' or the 'Company')\nCorporate Update and Senior Management and Board Changes\n \nFollowing its announcement of 9 November 2017, Agriterra, the AIM listed African agricultural company, announces that it has appointed Mr Adelino Fernandes as Group Finance Director (non-board) with effect from 15 January 2018. Mr Fernandes will oversee all operational accounting and finance functions, reporting directly to the Board, and will be based in Chimoio, Mozambique, the Company's main operational centre.\n \nMr Brendan Scott, who recently assumed the position of interim Chief Executive Officer, will be stepping down from this position and as a director with effect from the end of February 2018 to take up a permanent position elsewhere. \n \nMr George Naude, the Company's long-standing Chief Operating Officer (Mozambique), will assume additional responsibilities to ensure the continued operation of the Company's businesses thereby supporting the Company's growth strategy which is focussed on expanding core businesses and developing complementary agricultural and food production businesses in Mozambique.\n \nMs Caroline Havers, will continue to steer the Company's corporate and commercial strategy from London in the new role of Executive Chair whilst the Board evaluates the need for additional executive appointments to further strengthen the Company's core management team.\n \nMs Havers, Executive Chair of Agriterra said, \"I am delighted to welcome Adelino to the Agriterra team and I am confident that his experience, and presence on the ground at our operations in Mozambique, will support our focused growth strategy which is aimed at building Agriterra into a leading food producer in southern and East Africa. \n \n \"I would also like to thank Brendan for his contribution in the evolving Agriterra story and wish him the best in his new position.\n \n\"In terms of our ongoing strategy, the focus of Agriterra will be on profitability, driven by aggressive cost cutting in corporate overheads and increased revenue generation in the maize meal and beef business. The business will be right-sized in its current operating environment bef...