Silver Fern CFO departs
Civil engineering firm Fulton Hogan gains his services.
Silver Fern Farms chief financial officer Rob Woodgate has resigned for personal reasons as the meat processing co-op awaits regulatory clearance for a game-changing foreign investment deal.
Mr Woodgate is leaving Silver Fern in mid-September to join Christchurch-based civil engineering contractor Fulton Hogan.
He declined to comment on the move, saying he was not authorised to talk to the media.
It is understood Mr Woodgate, who lives in Christchurch, has been commuting to the co-op’s Dunedin head office on a regular basis.
He joined Silver Fern in early 2015 from PGG Wrightson, where he was also CFO.
Fulton Hogan managing director Nick Miller announced in May that he would step down after seven years in the role but it is understood Mr Woodgate is not his replacement.
Silver Fern is close to concluding a deal to sell half its business to Chinese pork processor Shanghai Maling. The only condition outstanding is approval from the Overseas Investment Office.
The OIO is waiting for further information from Shanghai Maling and Silver Fern before it makes its recommendation to ministers. The companies have extended their deadline to achieve OIO clearance from June 30 to September 30.
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Tim Hunter
Thu, 07 Jul 2016
Thu, 07 Jul 2016
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Silver Fern CFO departs
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