Plummeting sales forces C-Dax to cease trading
Farmer-owned co-operative Ravensdown is winding down the operations of its agritech subsidiary C-Dax following a long decline in sales.
Stuart has served in several senior executive positions, including as chief executive officer of Sealord Group. Prior to this role, he spent seven years at Fonterra where he was director of strategy and growth, and chief financial officer.
Bruce Wills, Ravensdown chair, says Stuart’s appointment gives the board a major boost.
“Those who have worked alongside Graham know that he is one of the sharpest strategic thinkers in New Zealand business today. He is a high calibre addition to our board and will complement the existing skill set at the table.”
Stuart replaces Jason Dale, who has stepped down after nine years with the co-op.
Wills also thanked Dale for his service.
“I would like to take this opportunity to pay tribute to Jason and thank him for his long service to the Ravensdown board. He has served as chair of the audit and risk committee since 2014 and helped steer us through some of the more challenging moments in our history, including the global pandemic.”
