Tron­cone’s new role

Countryman - - NEWS - Sean Smith

A Wel­lard non-ex­ec­u­tive di­rec­tor has been pulled back into the live ex­port busi­ness to take over re­spon­si­bil­ity for its day-to-day op­er­a­tions from founder and chief ex­ec­u­tive Mauro Balzarini.

The ap­point­ment of for­mer Wel­lard se­nior man­ager Fred Tron­cone as ex­ec­u­tive di­rec­tor of op­er­a­tions puts him in pole po­si­tion to suc­ceed Mr Balzarini, who could step down from Wel­lard as early as De­cem­ber 31.

Wel­lard, which has bat­tled a sav­age market down­turn since float­ing to the stock market in late-2015, said Mr Tron­cone’s ap­point­ment would al­low Mr Balzarini to fo­cus on strat­egy and growth.

Mr Balzarini will stay with Wel­lard un­til the lat­ter of ei­ther De­cem­ber 31 or a re­struc­tur­ing of its ship­ping fi­nance.

Mr Tron­cone ran Wel­lard Ru­ral Ex­ports busi­ness un­til 2015 and more re­cently was ap­pointed to the board of Wel­lard. The com­pany said he boasted ex­ten­sive live ex­port ex­pe­ri­ence and had worked as a con­sul­tant in a range of in­dus­tries with a fo­cus on dig­i­tal strate­gies, or­gan­i­sa­tional change and busi­ness trans­for­ma­tion.

Mr Tron­cone will earn up to $1.08 mil­lion a year in salary, di­rec­tors fees and cash bonuses, sub­ject to hit­ting his per­for­mance tar­get, and be el­i­gi­ble for Wel­lard’s long-term ex­ec­u­tive re­wards scheme.

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