Pyne Gould splits and makes management changes

Pyne Gould Wrightson is planning to restructure its divisions into two businesses - Agriservices, which will handle everything from finance and real estate to livestock and rural supplies, and AgriTech, which will hold the seeds, grain and nutrition assets.

As part of the structural changes, PGW has announced senior management changes:

• Michael Thomas, currently Group General Manager Financial Services, has been appointed as Group General Manager: Agriservices
• John McKenzie, Group General Manager Seed, Grain and Nutrition, takes up the role of Group General Manager: AgriTech
•  Mike Skilling, currently Group General Manager Customer Services, has decided to leave PGW due to his wish to be located at his current residence in Auckland, where he will be pursuing other opportunities.

Managing director Tim Miles said the rationale for realignment was based on realising the full value of the underlying businesses.

"The seeds business, for instance, has a different growth pattern and much more predictable earnings than traditional rural supplies or livestock businesses. AgriTech, therefore, is also about growth and development in an international market, while Agriservices is primarily focused on New Zealand."

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Printable version

Related News

New Image CFO Beuth to leave this month
Fyfe to leave Air NZ at end of year
NZX names Weldon's successor
Karacaoglu heads to Treasury from Co-operative Bank
Cavalier to change CEO, Chung stays on board
Ken Harris resigns
NZX director Williams leaves for ANZ Bank, new member tapped
New Deputy Chair for Abano
Ricketts to replace John Todd as head of Todd Corporation
Fletcher appoints Mark Malpass as concrete division CEO

Get quotes for PGG Wrightson Limited Ordinary Shares (PGW)

NZX Annoucements for PGW