Internal replacement, and an interesting call. Bigger issue is their HK manager retiring who does a lot of the sales.
Jaffray is is a bit of a legend.
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Picked up from Zespri latest newsletter:
After nearly a decade with Zespri, Chief Grower and Alliances Officer Dave Courtney will be leaving ourorganisation in December to take on a new role as Chief Customer Officer for Silver Fern Farms.
Looks like their current guy quietly slipped out of the building after not too long??
Also another ex Zespri, so would have worked with the CEO.
Across the whole year to August, against the backdrop of a global pandemic and the US-China trade war, all exports have grown by 2.8%, with milk power, butter and cheese exports up 11.1%, meat exports up 9.9%, wine exports up 8.5%, fruit exports up 8.4% and vegetables exports up 6.3%.
Content Sourced from scoop.co.nz
I expect SFF lead the way in meat exports.
SFF boardmeeting confirms to farmer suppliers that the business continues to track ahead of budget so far in this unprecedented year and pleasingly, a large number of new and current supplier shareholders wanting to become "fully shared. Great to see the farmers vote of confidence in SFF. All pointing to a good year for SFF.
SFF newsletter:
"It is very pleasing to see a high level of interest in both existing and new shareholders enquiring about becoming fully shared. The value proposition shareholders can receive by becoming fully shared is becoming increasingly compelling as we build a track record of delivering consistent financial returns via dividend and patronage reward. Couple this with a commitment from both the Cooperative and Silver Fern Farms to deliver loyal, fully shared suppliers priority access to space and programmes which we believe, although not always perfect, is being delivered in a manner that is transparent and benefits both the Co-op and the operations of our 50% investment, Silver Fern Farms Limited
Simon Limmer updated the Board with a comprehensive view on markets, supply dynamics and the operations within the business. The business continues to track above budget in what has been an extremely challenging year, a real credit to the 7000 staff throughout the business.
As we know in this industry, the next couple of months are always interesting as we balance growth rates with climatic conditions, so I encourage you to plan ahead and have those conversations with your Livestock Rep so planning can be optimised to deliver the best results both for you and the company."