GRAINCORP appears to have restored some investor confidence in its purchase of United Malt Holdings at an investor day presentation in Victoria.
But a big question remained: who would be the new GrainCorp managing director to bed down the $757 million acquisition after the surprise departure of Mark Irwin a few weeks ago.
Supposedly not much was said about Mr Irwin, but GrainCorp chairman Don Taylor told The Australian Financial Review that a search was under way for a new chief executive.
Other presenters included interim chief executive Ian Wilton and Joe Di Leo, the chief executive of flour milling company Allied Mills, in which GrainCorp has a 60 per cent share with partner Cargill.
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