Type your search and hit enter
Ruralco CFO resigns

Ruralco CFO resigns

Resignation follows the rejection of Ruralco's offer to acquire Elders Rural Services

Andrew Ferguson resigned from the role of CFO at Ruralco Holdings Limited on 30 July.

Having been in the CFO role for more than eight years, Ferguson worked for NRMA Tourism and Leisure and Jetset Travelworld Group before joining Ruralco Holdings Limited in April 2012.

The resignation follows on from Ruralco’s offer to acquire Elders Rural Services which was rejected in June by the Elders Board.

“The Elders Board has rejected a bid for its Rural Services business, while it has entered into final negotiations for the sale of Futuris Automotive (Futuris),” Elders said in a statement in June.

In July, Ruralco entered into a 50:50 joint venture with global agribusiness CHS to help operate and grow its grain marketing business Agfarm.

Ruralco’s managing director, John Maher, thanked Ferguson for his service of 16 months as CFO.

The company is currently working with Hattonneale to search for a new CFO and has appointed someone internally to act in the role during the interim.

CFO World has contacted Ruralco for further information.

Follow CFO World Australia on Twitter: @CFOworld_AU, or take part in the CFO World conversation on LinkedIn: CFO World.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags CFO CareersRuralcoCFO resignationAndrew Ferguson

More about Andrew Corporation (Australia)NRMA Group

Show Comments