BEIJING--(Marketwire - Oct 5, 2012) - Agria Corporation's (
The notice of meeting records that Sir Selwyn Cushing, Bill Thomas and Tao Xie (XT) will retire from the board at the meeting. Guanglin Lai (Alan) will also retire by rotation and will stand for re-election.
Sir John Anderson, PGG Wrightson's Chairman, noted the positive contribution and valuable counsel each of the retiring directors had provided during their respective tenures and wished them well for the future on behalf of the board.
Sir Selwyn was appointed to the Wrightson Limited board in 2005 following the acquisition of Williams & Kettle Limited of which he had been a director for more than 20 years. His astute business sense and commercial acumen has been of great assistance to the company. It is pleasing to note that Sir Selwyn has agreed to remain involved with the PGG Wrightson Employee Benefits Plan in his capacity as a trustee.
Bill Thomas originally became a director of Pyne Gould Guinness Limited in 1995 and the company has benefited from his insights and in particular his farming experience. After 17 years as a director for PGG Wrightson and its predecessor companies Bill believes that the time is right to retire.
XT, the Chief Executive of PGG Wrightson's majority shareholder Agria Corporation, was instrumental in the structuring of Agria's acquisition and retires after serving as a director since 30 December 2009.
Sir John noted that a review of the composition and expertise of the PGG Wrightson board was being undertaken. There is a need to maintain farming experience on the PGG Wrightson board and the review would help inform decisions made in relation to future director appointments.
PGG Wrightson is this year introducing the option for shareholders to vote on shareholder meeting business online and by post. These options are set out in the notice of meeting and would provide shareholders with more flexibility and convenience where they cannot attend in person or by proxy but wish to register their votes on meeting business.
About Agria Corporation
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