Inactive Instrument

Costa Group

Equities

CGC

AU000000CGC2

Costa Group Holdings Limited Announces CEO Changes, with Effect from 26 September 2022

September 25, 2022 at 11:13 pm

Costa Group Holdings Limited announced that CEO and Managing Director, Sean Hallahan will step down with effect from 26 September 2022 and will support the transition plan to an interim CEO for a short handover period anticipated to conclude in mid October 2022. The company has appointed Harry Debney as Interim CEO effective 26 September 2022. Harry has been a Non-Executive Director of the company since July 2021, prior to which he was Costa's CEO from 2010 to April 2021 and led the company through the IPO in 2015.

Harry has an intimate knowledge of the company and is regarded as one of Australia's leaders in horticulture. Harry is the right person to assist the company as it transitions to a new CEO.

Latest news about Costa Group

Costa Group Announces CEO Changes	02-27	CI
Paine Schwartz Food Chain Fund VI a fund managed by Paine Schwartz Partners, LLC, Driscoll's, Inc. and British Columbia Investment Management Corporation completed the acquisition of remaining 85.16% stake in Costa Group Holdings Limited.	02-25	CI
Costa Group Holdings Limited(ASX:CGC) dropped from S&P Global BMI Index	02-09	CI
Costa Group Holdings Limited(ASX:CGC) dropped from S&P/ASX 200 Consumer Staples Sector Index	02-09	CI
Costa Group Holdings Limited(ASX:CGC) dropped from S&P/ASX Small Ordinaries Index	02-09	CI
Costa Group Holdings Limited(ASX:CGC) dropped from S&P/ASX 200 Index	02-09	CI
Costa Group Holdings Limited(ASX:CGC) dropped from S&P/ASX 300 Index	02-09	CI
Costa Group Holdings Limited(ASX:CGC) dropped from S&P/ASX All Ordinaries Index	02-09	CI
Costa Group Holdings Shares to be Suspended from Trading After Federal Court Approval of Proposed Acquisition	02-08	MT
Australian Federal Court OKs Costa Group Acquisition	02-07	MT
Transcript : Costa Group Holdings Limited - Shareholder/Analyst Call	01-29
European Commission Approves Acquisition of Costa Group	12-22	MT
Australia shares close higher on optimism from China support measures	22/09/23	RE
Australian shares fall, set for worst week in over a year on rate jitters	22/09/23	RE
News Highlights : Top Company News of the Day	22/09/23	DJ
Australia's Costa backs Paine Schwartz's $963 mln buyout offer; shares rise	21/09/23	RE
Australian Shares Retreat Ahead of Release of RBA Meeting Minutes	18/09/23	MT
Australia shares end lower ahead of cenbank's minutes	18/09/23	RE
Costa Group Shares Decline 3% as US Private Equity Firm Lowers Buyout Offer	18/09/23	MT
Australian shares fall as financial, energy stocks drag; RBA minutes in focus	18/09/23	RE
Australia's Costa Group gets lower buyout offer from Paine Schwartz	17/09/23	RE
Costa Group Holdings' H1 Net Profit Falls 32%	31/08/23	MT
Transcript : Costa Group Holdings Limited, H1 2023 Earnings Call, Aug 31, 2023	31/08/23
Costa Group Holdings Limited Reports Earnings Results for the Half Year Ended July 02, 2023	30/08/23	CI
Costa Group Holdings Limited Announces Change of Registered Office Address	18/08/23	CI

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Company Profile

Costa Group Holdings Limited is an Australia-based horticulture company. The Company is engaged in growing, packing and marketing fresh fruits and vegetables. Its operations include approximately 7,200 planted hectares of farmland, 40 hectares of glasshouse facilities and three mushroom growing facilities across Australia. Its segments include Produce, Costa Farms & Logistics (CF&L) and International. The Produce segment operates in five core categories: berries, mushrooms, glasshouse tomatoes, citrus and avocados. These operations are vertically integrated in terms of farming, packing, and marketing, with the primary domestic sales channel being the Australian food retailers. The CF&L segment incorporates interrelated logistics, wholesale, and marketing operations within Australia. The International segment comprises royalty income from licensing of its blueberry varietals in Australia, the Americas, China and Africa, and international berry farming operations in Morocco and China.

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