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New Chief Financial Officer

Wellard Limited (Wellard, ASX:WLD) advises that it has appointed Mr John Stevenson as the Company’s Chief Financial Officer (CFO).

Mr Stevenson replaces Interim CFO Alan Rule. Mr Stevenson possesses considerable experience in the agribusiness sector, notably as CFO and Director for Australia’s largest privately owned pastoral company, Consolidated Pastoral Company. He has also worked for Heytesbury Beef Pty Ltd.

His experience working in Asia, particularly Indonesia, Singapore and China, will be of considerable value to Wellard given the Company’s extensive operations in those markets, and he has worked for both listed and private companies.

“John brings to Wellard a unique depth and breadth of hands-on experience covering organisational efficiency and strategy; Asian operations and markets; ERP systems development; equity and debt funding and mergers and acquisitions,” said Wellard CEO Mauro Balzarini.

“I would like to thank Alan Rule for his hard work and commitment during the interim period while we conducted an executive search for a permanent CFO.”

For further information:

Managing Director, Mauro Balzarini 
Phone: + 61 8 9432 2800

FTI Consulting, Cameron Morse 
Phone: + 61 8 9485 8888 
Mobile: +61 (0) 433 886 871

Visit www.wellard.com.au

Background – Wellard

Wellard is Australia’s largest cattle exporter and a vertically integrated agribusiness.

Wellard has supplied quality dairy and beef cattle and sheep and goats to the world for more than 30 years. Based in Fremantle, Western Australia, the company’s operations spans the world and cover every aspect of the livestock export chain, including livestock selection and aggregation, pre export quarantine facilities, feed milling, and a modern fleet of specialized “floating farms livestock carriers”.

Wellard’s is also involved in meat trade and owns and operate a modern abattoir in Western Australia, Beaufort River Meats, which processes up to 2500 sheep and lambs a day, enabling Wellard to meet customer demand for both livestock and chilled meat.