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BRIEF-Graincorp to simplify its business structure
August 31, 2017 / 5:10 AM / 3 months ago

BRIEF-Graincorp to simplify its business structure

Aug 31 (Reuters) - Graincorp Ltd:

* Simplifying its business structure through creation of a single grains business unit from existing storage & logistics and marketing businesses

* Will continue to report storage & logistics and marketing separately for its FY17 result

* There would be no change or disruption to Graincorp’s preparations or roles critical for coming harvest

* Klaus Pamminger has agreed to take responsibility for running combined business unit, and will be appointed group general manager, grains

* Group general manager, storage & logistics, Neil Johns will leave Graincorp Source text for Eikon: Further company coverage:

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