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LIC chief executive Wayne McNee will step down in November.
LIC chief executive Wayne McNee will leave the farmer-owned co-operative in November after eight years in the role.
LIC chair Murray King says McNee advised the board of his intention to stand down.
King says McNee has led the organisation through a period of significant growth and development across all areas of the business while delivering strong shareholder returns.
"Over the past year, Wayne and his leadership team led LIC through the challenges of Covid-19 and the co-op is on track to deliver record results for the fourth consecutive year."
McNee joined LIC after a stint as Ministry for Primary Industries director-general.
He is proud of what LIC has achieved over the past eight years.
"In particular the transformation of the business into a modern progressive co-operative, with significant improvements to the way LIC operates, major investment in digital capability and delivery, and working closely with the board to implement a share structure that is fit for purpose.
"I am proud to be leaving LIC in great shape for the future, which is critical given its role as the DNA of the New Zealand dairy sector. LIC is a unique agri-technology company which adds huge value to the New Zealand economy, and is increasingly playing a role helping farmers deal with the environmental challenges they face," McNee said.
King says the board will commence a search for a replacement immediately and expects a good talent pool of both internal and external candidates.
LIC chief executive David Chin says meeting the revised methane reduction targets will rely on practical science, smart technology, and genuine collaboration across the sector.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
The Government has announced it has invested $8 million in lower methane dairy genetics research.
The first calves of a new crossbred dairy-beef offering are now on the ground at a Pamu (Landcorp) farm near Taupo.
A US-based company developing a vaccine to reduce methane emissions in cattle has received another capital injection from New Zealand’s agriculture sector.
Acclaimed fruit grower Dean Astill never imagined he would have achieved so much in the years since being named the first Young Horticulturist of the Year, 20 years ago.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
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