Sharechat Logo

Allied Farmers names new head for rural division

Friday 3rd June 2011 1 Comment

Text too small?


Allied Farmers has named Fonterra executive Steve Morrison as the chief executive of its rural division.

The appointment comes ahead of the departure of current company chief executive Rob Alloway, who leaves at the end of June when his contract expires.

Alloway was heavily involved in Allied Farmers purchase of finance company Hanover's loan book in December 2009. That deal has since taken a heavy toll on the company.

The NZ Herald recently reported that Alloway said he was glad his contract was ending because he was unhappy with the board.

"There's no love lost. I won't miss Allied Farmers," he said.

Earlier this week Allied Farmers said that with the impending departure of Alloway, the company had restructured its executive team, with two distinct divisions - rural and investments - to have their own leadership.

Allied Farmers Investments was the division holding the former Hanover and United property and loan assets. A full time chief executive was no longer thought to be required for that division, with a third party to be appointed to manage the assets.

Today the company said its new appointment to head Allied Farmers Rural, Morrison, had held various management roles in the dairy industry in the past 20 years.

He had been responsible for a significant portion of Fonterra's manufacturing operations for a number of years as central regional general manager, based in Hawera.

Most recently Morrison was manufacturing value add manager for New Zealand operations for Fonterra.

He had developed Tairoa Lodge near Hawera and owned a sheep and beef property near Stratford.



  General Finance Advertising    

Comments from our readers

On 4 June 2011 at 11:32 am Ivan said:
That's right Alloway, you and loughlin just run away, after all the mess you caused with the Hanover deal. Why couldn't you two have just but-out of something that was none of your business.
Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Telecom will offer CEO and senior managers performance equity grants to boost profits
Former Fonterra executive Alison Andrew appointed to head Transpower
MRP director Miller, CFO Meek go trawling for cheap shares
Rob Fyfe to leave Trilogy board, seeks new senior role in NZ
David Ross appears at District Court hearing, remanded until Aug.29
Crown drops charge against ex-SCF finance chief Graeme Brown
Postie Plus appoints No 1 Shoes executive Binns as new CEO
Pumpkin Patch CEO Neil Cowie resigns to take job with rival retailer
George Alexander Louis
Time to Move Before You Get Caught in the Meridian Watershed