Livestock Improvement Corporation Limited logo

GM NZ Markets to step down

Director Departure7 May 2023LICFinancials

LIC is the trading name of Livestock Improvement Corporation Limited

Private Bag 3016

Hamilton 3240

New Zealand


0800 542 742

www.lic.co.nz




MARKET STATEMENT

8 May 2023


GM NZ Markets to step down

Livestock Improvement Corporation (NZX: LIC) today announced that Malcolm Ellis, GM

NZ Markets, will be leaving the co-op on 22 December 2023.


Malcolm joined LIC in 2011 as a Bull Acquisition Manager. He was then appointed to the

role of GM NZ Markets in 2016, reporting to the Chief Executive, where he has been

responsible for the strategic direction of the farmer-owned co-op’s sales, marketing and

customer relationships.


This includes a nationwide team of Agri Managers, National Accounts, Marketing &

Products and Customer Experience Centre.


Chief Executive David Chin said: “Malcolm has created a legendary LIC career and

contributed not only to the success of our organisation but to the success of the dairy sector

overall. His incredible work ethic, powerful knowledge and genuine farmer affinity will be

truly missed.


“Malcolm’s LIC career has had many highlights, but it is the passion and engagement with

our farmers which stands out for me. He is truly a superb ambassador for not only LIC but

also other agricultural co-operatives and the wider dairy industry.


“I’d like to personally thank Malcolm for his considerable contribution to the leadership of

LIC and the support that he has shown me.”


ENDS


Contact

For shareholder enquiries, phone 0800 542 742

For media enquiries, contact LIC Communications Manager: Ashleigh.Sattler@lic.co.nz, 0276171942.


About LIC

LIC is a farmer-owned co-operative and world leader in pasture based dairy genetics and herd management.

LIC exists to deliver superior genetics and technological innovation to help its shareholders sustainably farm a

profitable animal. With origins dating back to 1909, LIC has a long history of developing and delivering world-

leading innovations for the dairy industry. The co-op continues to be one of the sector’s biggest private investors

in research and development. Today the New Zealand-based co-op employs more than 700 permanent staff,

swelling to 2000 during the spring 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 reinvested for new

solutions, research and development. www.lic.co.nz

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