Leadership transition for GrainCorp Malt

Company News

by Rachael Jones

GrainCorp (ASX:GNC) has appointed a new President of GrainCorp Malt – current Chief Operations Officer Darren Smith.

President Greg Friberg will retire at the end of the year after 37 years in agribusiness and 21 years in the malting industry.

GrainCorp Managing Director and CEO Mark Palmquist paid tribute to Mr Friberg saying that under Greg’s leadership GrainCorp Malt has established an excellent position and reputation with brewers and distillers.

Mr Smith’s appointment as President of GrainCorp Malt is effective from 1 January 2019.

Mr Friberg will remain as an advisor through to 31 March 2019.

Shares in GrainCorp (ASX:GNC) are trading 0.86 per cent higher to $8.24