Ze­spri chair­man step­ping down

Te Puke Times - - ARTS -

Peter McBride, who has chaired the board of Ze­spri since 2013, will step down as chair­man in Fe­bru­ary 2019 and re­tire as a di­rec­tor of Ze­spri at the com­pany’s next An­nual Meet­ing in July 2019.

Deputy chair­man Bruce Cameron will be­come chair­man in Fe­bru­ary 2019.

Mr Cameron is a long-time ki­wifruit grower and has been a di­rec­tor of Ze­spri since 2010. The suc­ces­sion pro­vides for con­tin­ued strong lead­er­ship and ex­pe­ri­ence on the board.

Mr McBride has been a di­rec­tor of Ze­spri since 2002 and has served as chair­man dur­ing a pe­riod of change and ex­pan­sion.

This in­cludes the in­dus­try’s re­turn to growth fol­low­ing the im­pact of Psa.

He has over­seen a pre­mium brand-led strat­egy and the ex­pan­sion of Ze­spri SunGold to meet bur­geon­ing de­mand in the mar­kets. It has also been a time of progress in strength­en­ing grower own­er­ship and con­trol of Ze­spri, achieved through in­dus­try con­sul­ta­tion, change to the Ki­wifruit Ex­port Reg­u­la­tions, change to Ze­spri’s Con­sti­tu­tion and a tar­geted share of­fer and buy back that was com­pleted this month.

Mr McBride’s ten­ure as chair­man from 2013 has seen growth in av­er­age per hectare re­turns across all ki­wifruit va­ri­eties of 55 per cent, and growth in the share price from 50 cents in March 2013 to over $8 a share.

Re­flect­ing on his chair­man­ship, Mr McBride says it has been a priv­i­lege serv­ing an in­dus­try that has shown strength through its co-op­er­a­tive spirit.

“Our ki­wifruit in­dus­try has stepped through a num­ber of chal­lenges but we have demon­strated time and time again the co­he­sive­ness of our in­dus­try and our abil­ity to act in its com­mon in­ter­est,” he says. “I have been in a for­tu­nate po­si­tion to see through sig­nif­i­cant changes and as a ki­wifruit grower I am look­ing for­ward to Ze­spri’s con­tin­ued suc­cess as it trans­forms to serve more and more cus­tomers around the world.”

Ze­spri di­rec­tor Jonathan Ma­son com­ments: “Peter has been an out­stand­ing chair­man for Ze­spri and a leader in the ki­wifruit in­dus­try. Among his achieve­ments as both chair­man and di­rec­tor was his lead­er­ship in sup­port­ing the in­dus­try’s re­cov­ery from the se­ri­ous chal­lenge of Psa — com­mu­ni­cat­ing and lis­ten­ing to grow­ers and de­vel­op­ing the re­sponse.

“He then saw through the ex­e­cu­tion of our prod­uct and mar­ket strat­egy, in re­sponse to Psa, with the ex­pan­sion of SunGold and strong sus­tain­able per­for­mance for green con­tribut­ing to record re­turns for the in­dus­try. He leaves be­hind a strong le­gacy.”

Mr McBride will be for­mally ac­knowl­edged for his out­stand­ing con­tri­bu­tion to Ze­spri and the New Zealand Ki­wifruit In­dus­try at the an­nual meet­ing next year.

Peter McBride is to step down as Ze­spri chair­man.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.