Changes to Executive Team

12 February 2018

Sanford Announces Changes to the Executive Team

Sanford Limited (NZX: SAN) has today announced changes to the Executive Team with the
departure of its Chief Operating Officer (COO), Greg Johansson for personal reasons. Sanford CEO,
Volker Kuntzsch, has acknowledged Greg’s significant contribution to Sanford during his 27 year
tenure and says that, whilst it was sad for the business to see Greg leave, he was pleased that Greg
has agreed to continue providing his vast expertise to Sanford in a consulting capacity.

Mr Kuntzsch also announced the appointment of Sanford’s current Chief Financial Officer (CFO),
Clement Chia, to the COO role. Clement has been with the company as CFO since 2014, during
which time he has built remarkable respect internally and externally, especially with shareholders and
the investor community. Clement’s diverse commercial background across primary industries and the
FMCG sector will be an asset in continuing the transformation of Sanford’s operations into a market
led organisation.

The company has embarked on a search for a new CFO. In the interim, Stuart Houliston, Group
Financial Controller, will step into the role of Acting CFO. Stuart has been with Sanford for 5 years
and has a very strong and extensive financial career, including senior roles at accounting firm KPMG
where he was a Director in the Audit division prior to joining Sanford. He is a Fellow of the Institute of
Chartered Accountants in England and Wales.










Volker Kuntzsch
Chief Executive Officer



For enquiries, please contact Fiona MacMillan General Manager Corporate Communications, on
fmacmillan@sanford.co.nz or+64 (21) 513 522