Murray Goulburn Cooperative Co Limited (ASX:MGC)
has announced that Managing Director Mr Gary Helou will step down from the role.
The company says Mr Helou will remain with the company for a short period of time to assist with the transition of an interim CEO while the search for a new MD takes place.
The board and Mr Helou agreed that the stewardship of the company going forward would be best served under fresh leadership.
Executive General Manager of Business Operations David Mallinson has been appointed as interim CEO.
Murray Goulburn reported a net profit of $9.28 million at 31 December 2015.