PGG Wrightson director Greg Campbell has resigned, days after being appointed chief executive of fertiliser co-operative Ravensdown.
His Ravensdown appointment follows three years at the helm of South Island iwi powerhouse Ngai Tahu's holding company.
Mr Campbell was appointed a PGG Wrightson director last November.
His departure from the rural services company was announced on the NZX this afternoon, without stating a reason.
PGG Wrightson's secretary Julian Daly said: "The board thanks him for his positive contributions and wishes him well in his new role as ceo of Ravensdown."
PGG Wrightson has had a tumultous history since the merger of Pyne Gould Guinness and Wrightson in 2005 – including the disastrous offer for Silver Ferns Farms, which cost the company $50 million, and write-offs from its investments in Uruguay.
Chinese agriculture group Agria came on board at the end of 2009 and eventually took a majority stake.
More recently, Heartland New Zealand bought PGG Wrightson Finance – although PGG retained about $95 million in toxic assets – and troubled shareholder Pyne Gould Corporation has sold most of its holdings.
PGW shares (NZX: PGW) are up 1 cent to 32 cents today, a far cry from the glory days of four years ago, when PGW's shares were worth more than $2.30.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Xero directors Drury, Winkler and Morgan cash in on 35% share price rally
- China pips Oz as NZ's top annual export destination
- Government reveals enough support for RMA reforms to become law
- Ralph Norris spells out reasons for Fonterra board departure
- Auckland Council ignores free funding advice, chooses to spend $500k
Most listened to
- Auckland Councillor Chris Darby on the Council's alternative funding report
- Nevil Gibson discusses his latest Editor's Insight on oil prices
- Campbell Gibson, Nick Grant and Chelsea Armitage chat about the inner workings of New Zealand media
- Paul Brislen discusses the 'snake oil' sales tactics of SalesConcepts
- Fonterra chief executive Theo Spierings reveals his ambitious China plan
- UDC Finance chief executive Wayne Percival talks about the company's profit
- Hamish McNicol discusses the latest court stories
- Trilogy International CEO Angela Buglass reviews another bumper result
- Eroad CEO Steven Newman talks about his company's revenue increase
- What do the latest terrorism attacks in Mali and Israel mean? Nathan Smith discusses the latest foreign affairs news
- NZ Windfarms departing director Michael Stiassny speaks out after board exit
- James Mayo talks about SOS Hydration's growth plans after Snowball offer