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Board Changes

Board Change30 September 2019ALFFinancials

Allied Farmers Ltd
201 Broadway, Stratford, 4332

PO Box 304, Stratford 4352


Web: www.alliedfarmers.co.nz

Email: headoffice@alliedfarmers.co.nz


announce@nzx.com


1 October 2019


Changes to Board


Ross Verry


Allied Farmers (Allied Farmers, NZX: ALF) is pleased to announce that the Board has

appointed Ross Verry as a director of ALF with effect from 1 October 2019.


Ross has extensive experience in the agri-finance sector. He is currently Chief Executive

of Syndex Limited, an early stage, innovative capital markets business, and previously

worked for 16 years in ANZ Bank, including most recently 5 years as a General Manager,

Commercial and Agri.


Ross is a director of THE Limited, a largescale dairy farming business, and Gold Creek

Partnership, a dairy farming syndicate. He was also previously a Trustee of Agri-Womens

Development Trust.


In addition, Ross is currently Chairman of the New Zealand Cricket Players Association

Board.


His qualifications include a Bachelor of Commerce and Administration and

Chartered Accountant – Chartered Accountants of Australia and New Zealand.


The Board has determined that Ross is an independent director. Ross will stand for election

at the 2019 Annual Meeting, with the full endorsement of the Board.


Andrew McDouall


Andrew McDouall has advised that he intends to retire as a director at the conclusion of the

26 November 2019 Annual Meeting.


Andrew is ALF’s longest serving director, having been appointed in 1999, and feels that the

time is now right to stand down given the recent strengthening of the Board with the

appointments of Marise James, Richard Perry and Ross Verry.


Chairman Mark Benseman said “On behalf of the Board I thank Andrew for his significant

contribution over many years, and for his input and direction during some difficult times.

Andrew’s contribution cannot be underestimated. He has been able to bring valuable

insights and creative solutions to challenging issues with his institutional and financial

knowledge. We wish him all the best”



Mark Benseman

Chairman

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