Ballance signals CEO’s retirement plans

Ballance signals CEO’s retirement plans

Ballance Agri-Nutrients Chairman David Peacocke has announced that Larry Bilodeau will be retiring as Chief Executive of the co-operative at the end of September. His retirement will end 17 years with the co-operative, 14 of them as Chief Executive.

Mr Peacocke said that under Mr Bilodeau’s leadership Ballance had evolved from a fertiliser business to a co-operative covering the full spectrum of farm nutrient requirements.

“Larry has always ensured our co-operative has stayed one step ahead of our shareholders’ and customers’ needs. He developed and led our strategy and ensured we earned our place as a trusted name in complete farm nutrient management. That trust is reflected in our consistent financial performance.”

Mr Peacocke said Ballance would undertake a global search for Mr Bilodeau’s replacement and was focused on finding a successor who could continue to take the co-operative forward.

“Larry has set very high standards and our Board is committed to ensuring his successor has the same strategic and leadership qualities which have been so evident during his leadership.”

Mr Bilodeau, who began his career as General Manager of Ballance’s Kapuni urea plant in 1997, said he was looking forward to the next six months and ensuring the co-operative stayed on track with its growth strategy and performance goals.

“We have been very proud of our performance in recent years, capped off by last year’s record result and rebate. My priorities now are to ensure the business remains in very good shape financially, operationally and strategically so my successor is very well placed to continue our growth path,” said Mr Bilodeau.

ENDS

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