LIC Director Election Results

Farmer-owned co-operative, Livestock Improvement Corporation (NZX: LIC) (LIC), announces the appointment of Ken Hames to its Board following a shareholder election in its Northern Region.

MARKET STATEMENT


Farmer-shareholders elected Ken Hames, Northland dairy farmer, who will serve a four-year term effective 1 June 2019.Ken Hames

Ken and his wife Janine have a dairy equity partnership at Wellsford as well as a beef farm at Paparoa. Ken has been involved in farming for more than 30 years and has held previous governance roles at Northland Beef + Lamb Council, Northpower Ltd and West Coast Energy Ltd. 

Ken holds a Bachelor of Agriculture from Massey University and has completed many agriculture and governance related courses such as the Fonterra Governance Development Programme.

Board Chair Murray King said the appointment is a reflection of Ken’s professional and farming expertise. 

“Strong, effective governance of LIC is critical to protect and grow the co-operative for our shareholders. Ken has extensive governance experience particularly in areas of strategy, risk management and investment analysis, which will serve him well in his new role. 

“Having lived and farmed in Northland all his life, Ken brings a strong and capable representation of Northern region farmers to the Board.”

Ken Hames, replaces long-standing LIC director of 19 years, Murray Jagger, who will retire at the end of May.

Murray King thanked Murray Jagger for his contribution to LIC and the dairy industry.

“Murray has been an instrumental voice on the Board, ensuring the best interests of New Zealand dairy farmers were always at the forefront of discussion. 

“He is innately passionate about the industry with a deep empathy and understanding of farmers. On behalf of the Board, I wish him all the best for the next chapter.”