Former auditor and partner at Ernst and Young, Mark Hayward, will join the Queensland Sugar Limited (QSL) Board from 1 September 2021 as an Independent Director.
Mr Hayward’s appointment has been made in preparation for the retirement of QSL’s current Chairman Guy Cowan, who will step down after 14 years on the board at the conclusion of his current term on 31 December 2023.
Mr Cowan said the appointment had been made prior to his departure to support a smooth transition.
“QSL has a small but effective board which for some time has operated with one less director than allowed for under our constitution,” Mr Cowan said. “This has enabled us to minimise interruption and leverage a valuable additional resource around the board table during the handover process.
“Mark has a similar skill set to me and as such will take over as Chair of the Audit and Risk Committee following our September meeting, as well as sitting on the Trading Risk, and People and Remuneration Committees.”
Mr Hayward was a partner at global corporate advisory firm Ernst & Young for 31 years until 30 June 2020 and during this time served as auditor and adviser for companies with activities throughout Australia, Asia, the Middle East, Canada, the USA and South America.
He has both international and domestic experience in numerous industry sectors, including agribusiness, where he has worked with the sugar, cotton and beef sectors.
In addition to his role on the QSL Board, Mr Hayward is a director of gas and oil exploration company Blue Energy Limited.
Under its constitution, the QSL Board can have a maximum of four Independent Directors. These directors serve three-year terms and are appointed by a Board Selection Committee comprised of four members, two of which are elected by QSL’s Mill Owner Members and two elected by QSL’s Grower Representative Members.
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Cathy Kelly | Ph: 0409 285 074 | Email: email@example.com