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LIC confirms senior managers following review

Operational Update24 August 2018LICFinancials

Private Bag 3016
Hamilton 3240

New Zealand


0800 651 156

www.lic.co.nz

LIC is the trading name of Livestock Improvement Corporation Limited


Market statement

24 August 2018


LIC confirms senior managers following review


Livestock Improvement Corporation (NZX: LIC) (LIC) confirms changes to senior manager

roles following a recent review to better align its operating model with its refreshed business

strategy.


The senior managers, who report to Chief Executive (Wayne McNee), are:

 Geoff Corbett, Chief Executive LIC Automation, a wholly-owned subsidiary of LIC

(Geoff had been acting in this role)

 Simon O’Connor, General Manager Commercial (this role was previously titled GM

Emerging Markets and Innovation)

 Malcolm Ellis, General Manager NZ Markets (unchanged)

 Nikki Fowler, Acting Chief Financial Officer, (appointed following the departure of

LIC’s previous Chief Financial Officer, Linda Cooper)


Recruitment is underway for the permanent Chief Financial Officer role.


ENDS

For any shareholder enquiries please phone 0800 264 632




About LIC

LIC is a farmer-owned co-operative that provides a range of services and solutions to improve the productivity

and prosperity of farmers. This includes dairy genetics, information technology, herd testing, DNA parentage

verification and farm advisory services through FarmWise. Subsidiary business LIC Automation also provides

integrated automation systems and unique milk testing sensors that present real-time data while a cow is being

milked. With origins dating back to 1909, LIC has a long history of world-leading innovations for the dairy

industry.

Today the New Zealand-based co-operative employs more than 700 permanent staff, swelling to 2000 during

the peak dairy mating season. LIC also has offices in the United Kingdom, Ireland and Australia. All LIC profit

is returned to its farmer owners/shareholders in dividends or re-invested for new solutions, research and

development or dividends. www.lic.co.nz

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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