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Satara CEO Anderson-Smith resigns, leaves immediately

Tuesday 11th May 2010

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Satara Cooperative Group, the fruit packer and coolstore operator, said chief executive Wes Anderson-Smith has quit, effective immediately, after 19 months in the top job.  

Anderson-Smith tendered his resignation to the board “to pursue other interests,” effective from May 10, the company said in a statement.  

Tom Wilson, a commercial director at the company will act as managing director on an interim basis.  

In March, Satara posted a 24% decline in full-year earnings to $4.7 million, during a poor fruit harvest which prompted the company to cut its dependency on labour through automation to trim costs.  

Shares in the company, which is listed on the small cap NZAX index, last traded on March 16 at 58 cents, and have fallen 17% this year.

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