SYDNEY, AUSTRALIA — The GrainCorp has announced that Alistair Bell will leave the company in July 2020, and that Ian Morrison will replace him as interim chief financial officer (CFO).

Bell was appointed to the CFO role in November 2010. During that time he managed the repositioning of GrainCorp’s portfolio with the sale of the Australia Bulk Liquid Terminal and demerger of the malt business.

“Alistair has extensive experience and a comprehensive knowledge of the agribusiness sector and throughout the last 10 years, has made a significant contribution to the GrainCorp Group,” said Robert Spurway, chief executive officer of GrainCorp. “He is well known and respected, both within the company and in the broader industry and it has been a pleasure working with him.”

With the departure of Bell, Morrison currently general manager of commercial finance for GrainCorp will fill the role as interim CFO.

Morrison joined GrainCorp in 2011 and has held senior finance roles across all areas of the company, including CFO of the Grains division. He has also overseen the IT and Shared Services functions as well as supporting investor relations.

“Ian has a breadth of experience across the business including all of our trading and operations units,” Spurway said. “The company is fortunate to have a strong finance team and Ian’s leadership of this team will ensue continuity and focus as we approach the harvest period.”

An executive search for the CFO has commenced.