Landcorp names new chief executive

NEW ROLE: Steven Carden was head of PGG Wrightson Seeds Australia.
NEW ROLE: Steven Carden was head of PGG Wrightson Seeds Australia.

State-owned farming company Landcorp has announced a successor to long-standing chief executive Chris Kelly.

Steven Carden is currently PGG Wrightson Seeds general manager in Australia.

He is expected to take up his new role on August 5.

Landcorp chairman Bill Baylis said Carden brought wide experience from several industries as well as five years with New York business consultancy McKinsey and Co.

"These skills, together with five years' operational experience in agriculture with PGG Wrightson, make him an ideal appointment to lead Landcorp through its next phase," he said.

Challenges ahead will include the impact of the drought. Landcorp recently said it expected to break even this year instead of a forecast net profit of $12.7 million.

Carden holds an MBA from Harvard and will be based in Wellington when he returns.

Kelly is retiring after 12 years in the role.

BusinessDay.co.nz