Ballance CEO retiring

Ballance Agri-Nutrients chief executive Larry Bilodeau will be ending 17 years with the co-operative at the end of September when he retires.

Under Larry's leadership Ballance evolved from a fertiliser business to a co-operative covering the full spectrum of farm nutrient requirements, says chairman David Peacocke in a statement announcing the retirement today.

Ballance Agri-Nutrients chief executive Larry Bilodeauwill retire in September.

'Larry has always ensured our co-operative has stayed one step ahead of our shareholders' and customers' needs,” says David.

'He developed and led our strategy and ensured we earned our place as a trusted name in complete farm nutrient management. That trust is reflected in our consistent financial performance.”

Larry has been chief executive for 14 years. He began with Ballance as general manager of Ballance's Kapuni urea plant in 1997.

Larry is looking forward to the next six months and ensuring the co-operative stays on track with its growth strategy and performance goals.

'We have been very proud of our performance in recent years, capped off by last year's record result and rebate,” says Larry.

'My priorities now are to ensure the business remains in very good shape financially, operationally and strategically, so my successor is very well placed to continue our growth path.”

Ballance is to undertake a global search for Larry's replacement and is focused on finding a successor who will continue to take the co-operative forward.

'Larry has set very high standards and our Board is committed to ensuring his successor has the same strategic and leadership qualities which have been so evident during his leadership,” says David.

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