WA farming co-op giant CBH Group has sold its 50 per cent stake in South East Asian flour producer Interflour to Hong Kong-based Upper Pickering Group for $169 million.
A tough year for Australia's largest co-operative has seen profit plunge on the back of a smaller harvest, slim grain margins and a large investment outlay.
CBH has officially opened its new fertiliser plant in Kwinana with CBH chair Simon Stead and Agriculture and Food Minister Jackie Jarvis unveiling the facility this morning.
CBH Group has appointed former RAC chief executive Terry Agnew and recruitment specialist Suzanne Ardagh to a panel to assess potential board candidates.
Farm cooperative CBH Group has announced a review of its governance structure, shortly after one of its directors was narrowly voted off the board at a special general meeting and its long-serving chair was ousted.
Trevor Badger has been voted off the CBH Group board by the slimmest of margins at a special general meeting today, with the vote exposing a divide between members and the farm co-operative's board.
CBH Group district four member director Trevor Badger has refused to resign after allegations he materially breached board confidentiality, forcing CBH Group to hold a special general meeting for growers to vote on whether to remove him.
Our weekly appointments wrap includes Ben Devenish, David Lynch, Jeremy Calver, Frank Daly, Gaurav Jain, Tim Marney Caroline Goldie, Boyd Timler, Sharon Warburton, John Poynton, Kenneth Williams and Simon Stead.
The members of grain handling co-operative CBH Group have elected Simon Stead from Esperance to replace Neil Wandel as the District 5 representative member director.
