Ballance Agri-Nutrients CEO retires
Larry Bilodeau will retire as chief executive of the fertiliser co-operative Ballance Agri-Nutrients at the end of September.
Bilodeau has spent the last 14 years leading Ballance after beginning his career as general manager of the co-operative's Kapuni urea plant in 1997.
Chairman David Peacocke said Ballance had evolved from a fertiliser business to a co-operative covering the full spectrum of farm nutrient requirements under Bilodeau's leadership.
He said Ballance would undertake a global search for a replacement and was focused on finding a successor who could continue to take the co-operative forward.
"Larry has always ensured our co-operative has stayed one step ahead of our shareholders' and customers' needs," Peacocke said.
"He developed and led our strategy and ensured we earned our place as a trusted name in complete farm nutrient management. That trust is reflected in our consistent financial performance."
The board wanted his successor to have the same strategic and leadership qualities and set the same high standards, he said.
Bilodeau said he was looking forward over the next six months to ensuring the co-operative stayed on track with its growth strategy and performance goals.
"We have been very proud of our performance in recent years, capped off by last year's record result and rebate," he said.
Bilodeau said his priorities were to ensure the business remained in good shape financially, operationally and strategically so his successor was well placed to continue the growth path.
Bilodeau plans to retire from business.