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2 clusters · 3 sources · 11 days · First seen · Last updated

Elders agribusiness leadership transition

Overview

The agribusiness company Elders has undergone a leadership transition following the departure of Mark Allison. René Dedoncker has assumed the role of managing director, succeeding Allison after his 12-year tenure in that position.

Allison, who held leadership roles at the company for 17 years, remains a significant stakeholder with a share stake valued at approximately $8.5 million. He also holds potentially 702,000 unvested performance rights valued at roughly $4.6 million based on recent share prices.

To facilitate the transition, Allison will serve in an advisory capacity until February to assist Dedoncker. Additionally, Allison has been appointed as chairman of the West Australian agribusiness Craig Mostyn Group, where he is slated to replace retiring chairman Neil Kearney.

Entities

Mark Allison · Elders · Craig Mostyn Group · René Dedoncker · Fonterra

Timeline

  1. [BUSINESS] 2 sources
    Elders executive Mark Allison departs with multi-million dollar share stake

    Former Elders managing director Mark Allison leaves the agribusiness with a share stake worth approximately $8.5 million, plus millions more in potential unvested performance rights.

  2. [BUSINESS] 3 sources
    Elders appoints René Dedoncker as managing director

    René Dedoncker has become the new managing director of Elders, while outgoing leader Mark Allison will join the Craig Mostyn Group as chairman following Neil Kearney’s retirement in December.

Sources

northqueenslandregister.com.au · queenslandcountrylife.com.au · stockjournal.com.au