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T&G Global CFO to return to BayWa

12 August 2016

Chief Executive, Alastair Hulbert, said an announcement will be made about the CFO role in the next few weeks.

Hamster-Egerer joined the company in 2012. BayWa got Overseas Investment Office approval for its takeover of the fruit marketer, formerly known as Turners & Growers, in March of that year and currently owns about 74 percent of the company. Chinese fruit exporter, Golden Wing Mau Agricultural Produce, emerged with a 19.99 percent stake last month.

Last week, T&G Global posted an 89 percent gain in first-half profit to $22.7 million driven by sales from new and existing businesses, and a one-time gain from the sale of its crate hire unit.

T&G's shares trade infrequently because of the amount locked up with major shareholders. The stock last traded at $2.90 and has gained 38 percent this year.

For more information, visit: www.turnersandgrowers.com.