STEVEN Chaur has stepped down as managing director and CEO of Australian fresh produce company, Nutrano Produce Group Limited.
The company announced the move in early July saying Mr Chaur’s resignation was immediate to allow him to pursue other interests outside of the company.
Mr Chaur Nutrano to lead the company through the transition to a public company.
In June 2017, the board decided not to proceed with the Initial Public Offering of the company and instead focus management’s efforts on driving the company’s growth strategies and integration program.
Existing Nutrano board member, Peter McGregor, has been appointed interim managing director and chief executive officer.
Nutrano Produce Group also announced George Haggar and Peter Aubort have agreed to join a new board advisory committee for Nutrano.
Mr Haggar has experience having worked previously for Murray River Organics, Costa Group and Visy, while Mr Aubort is well known to the Seven Fields and Abbotsleigh businesses having worked as an independent board member for a number of years prior to their acquisition by Nutrano.
“We continue to be very excited about the consolidation and growth in the agricultural sector. While Nutrano is a relatively young company, the businesses acquired have long established trading histories with respected management teams and employees,” Mr McGregor said.
“We are very pleased to be able to leverage the industry experience of both George Haggar and Peter Aubort as we continue to grow Nutrano.”
Nutrano also announced the appointment of Pierre Janse van Rensburg to the new position of general manager, Sunraysia Farming Operations, to commence in August.
Mr van Rensburg will be responsible for all of Nutrano’s citrus farming operations in Mildura and will report to executive general manager – Southern Farming, Richard Byllaardt.
In June Nutrano announced it had put its acquisition negotiations with Nangiloc Colignan Farms, a premium 700-hectare citrus, table and wine grape business, on hold.
It comes after it said in March it would buy the business on undisclosed terms.