Sydney Markets Limited announced the appointment of Peter McBride as its new chair of the board of directors.
Peter McBride, an internationally renowned agribusiness leader, will commence his role in January, 2024. He succeeds John Pearson ASM, who retired in 2023 after serving as Chair of SML for almost 19 years.
Mr McBride joins Sydney Markets with extensive leadership experience. He is the current Chairman of Fonterra Co-operative Group Limited, a Director of Sequal Lumber Limited, and is a member of the New Zealand China Council and the Zespri Global Supply Advisory Board.
His previous governance roles include being a Director and then Chairman of Zespri international – the world’s largest marketer of kiwifruit, selling kiwifruit in more than 50 countries – and a director of the New Zealand International Business Forum.
Peter’s proven track record of delivering shareholder value and international agribusiness experience make him an ideal leader for our next phase of growth. His appointment reflects our commitment to excellence and innovation in serving the Australian community.
Mr McBride says he is honoured to serve the shareholders of an iconic Australian institution.
“I’ve spent a significant amount of my governance career in agribusiness, particularly large exporters and cooperatives. As a result, I have deep empathy with the shareholders of Sydney Markets and understand that the markets are an extension of their businesses.
“I look forward to working alongside shareholders and my fellow directors to bring the transformative change that is required to ensure the continuation of Sydney Markets’ legacy.”
This significant appointment marks a new chapter for Sydney Markets Limited as it continues to play a pivotal role in Australia’s agricultural supply chain and community markets.