By Stuart Condie
SYDNEY–Elders Chief Executive and Managing Director Mark Allison postponed his retirement after the Australian agribusiness spent several months searching for a successor.
Elders on Monday said that Allison had agreed to stay on beyond his planned retirement in November. The company announced his departure in November 2022 and said at the time that the board had started looking for a successor.
Elders said that its current CEO succession program will continue to focus on the development of suitable candidates. Allison will work with the board to develop internal talent, Elders added.
Elders Chair Ian Wilton said it was important to retain Allison’s experience and knowledge amid the company’s systems modernization and supply chain rationalization projects.
Write to Stuart Condie at stuart.condie@wsj.com
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