IT'S been a rough ride recently for Elders chief executive Malcolm Jackman , who announced the latest major shift in strategy on August 15 – the agribusiness will become a "pure play" rural services business.
It will also divest the Futuris auto arm.
Jackman announced his first agenda for change at Elders in 2008 when the share price was sitting pretty and in excess of $20. Today, its share price, is 27¢.
In a separate announcement, the company announced that Rob Wylie was retiring from the board – he is the third director to step down in as many weeks.
Interestingly enough, two of those three departees – Wylie and former director Anna Buduls – were both formerly directors of the now defunct Centro Properties Group. Buduls is also a former companies editor of this newspaper.
Greenhill Caliburn is advising Elders on its latest change in direction.
Australian Financial Review
Source: Argentine Beef Packers S.A.
Back to News Headlines