Beijing, China
May 30, 2013
Agria Corporation (NYSE: GRO) (the "Company" or "Agria") today announced that the Managing Director of its majority-owned subsidiary PGG Wrightson ("PGW") will complete his term of service on August 31, 2013. George Gould moved from a non-executive directorship at PGW into the Managing Director role in February 2011, for the express purpose of stabilizing the business and refocusing on important core market opportunities. PGW expected Mr. Gould's tenure to be limited, and is pleased that Mr. Gould can return to private life, leaving PGW as a leading global agri-business.
PGW Chairman Sir John Anderson acknowledged Mr. Gould's key contributions as Managing Director, noting "George's experience in and love of rural servicing were key qualifications that he applied to restore PGW to a position of strength. We recognized his track record of success as Managing Director of Pyne Gould Guiness Limited, and were grateful that he was willing to direct his talents toward PGW. George provided admirable leadership for PGW, and the board will be sorry to see him leave."
Mr. Gould added, "It was a pleasure to serve a great company and, post 31 August, I will enjoy watching from the side lines as PGG Wrightson goes from strength to strength."
PGW is now undertaking a selection process to determine Mr. Gould's successor.
Mr. Alan Lai, Agria's Executive Chairman of the Board, commented, "We appreciate the commitment made by George Gould to PGW, and wish him the best in all his future endeavors. Agria is confident that its business operations can expand globally through PGW's support and we look forward to further bolstering the senior leadership at PGW."
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