GrainCorp appoints new CEO; did not consult ADM on decision


GrainCorp (OTCPK:GRCLF) says that it did not consult former takeover bidder Archer Daniels Midland (NYSE:ADM) over its decision to appoint Mark Palmquist as new CEO, despite ADM still owning almost 20% of the company.

Previous CEO Alison Watkins, resigned last December just days after the Australian government rejected ADM's takeover of GrainCorp.

Comments (1)
  • billrampart
    , contributor
    Comments (58) | Send Message
     
    Good job, stay free !!!
    12 Aug 2014, 07:42 AM Reply Like
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