The Board of GrainCorp (ASX:GNC) has appointed a new MD and CEO

Company News

by Rachael Jones

The Board of GrainCorp (ASX:GNC) has appointed Robert Spurway as Managing Director and CEO after completion of the planned demerger of the Company’s Malt business in early 2020.

He is currently at the Fonterra Co-operative Group, where he has held the position of Chief Operating Officer, Global Operations for the last six years.

Fonterra is a New Zealand multinational dairy co-operative and New Zealand’s largest company, with over NZ$20 billion in revenue.

As previously announced, GrainCorp’s current CEO, Mark Palmquist, will become Managing Director and CEO of the Malt business upon a successful demerger.

Shares in GrainCorp (ASX:GNC) last traded at $7.70 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.