Thursday 16 November 2017 by FIIG Research ripples_on_water Company updates

Mackay Sugar appoints new Chairman

MSL has given a brief update post the AGM regarding new Board appointments. There is no news regarding the company’s recapitalisation

As part of the AGM, MSL’s Chairman stepped down, and has been replaced by Director Mark Day. Mark was appointed a non-grower director for MSL in May 2017. Mark has extensive experience and appears well qualified for the post.

He has previously served as a Director on the Board of Sugar Terminal Ltd, the Bureau of Sugar Experiment Stations, Sugar Research Institute and Director/Chairman of the Australian Sugar Milling Council.

Mark recently completed three and a half years in Brazil as Operations Director for Bunge Brazil (one of Brazil’s largest cane processors) crushing 20m tonnes of cane producing 1m tonnes of sugar, 1bn litres of ethanol and 500GWh of electricity.

Prior to that Mark had an extensive career with CSR/Wilmar in sugar, managing CSR’s Cane sugar businesses as Executive General Manager for six years and two years in Indonesia with Wilmar.

Updates from MSL can be found on its website.