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AWI appoints Stuart McCullough as CEO

24
May '10
Australian Wool Innovation appointed Stuart McCullough as Chief Executive Officer. Announcing the appointment, AWI Chairman Wal Merriman said throughout his two months as acting CEO, Mr McCullough had shown he was very capable of achieving the strategic intent of the Board and Shareholders while demonstrating good leadership of staff.

Out of 93 applicants for the position from within and outside the organisation, Mr Merriman said there were four outstanding candidates who presented to the Board. “Mr McCullough has worked in various senior roles at AWI in his nine years with the company. Having worked in the wool industry for 21 years, he has extensive knowledge of the fibre, its markets and its people.”

Mr Merriman added AWI was getting on with the business of research, development and marketing of Australian wool with a series of key corporate plans and agreements being developed recently.

“The Statutory Funding Agreement, the Strategic Plan and The Operating Plan as well as the associated budgets have all been approved. This has been made possible through the efficient work of staff, consultation with growers and government, and a united Board willing to work together,” Mr Merriman added.

In accepting his new position AWI CEO Stuart McCullough said while it was a great honour, there was a large amount of work to be done to get Australian wool back where it belongs.

“There are no shortcuts or quick fixes to increasing the profitability of woolgrowing. There is a well thought out plan ahead for on and off farm R&D as well as marketing. This plan builds on the direction Shareholders supported at WoolPoll, we will continue to implement it and I look forward to sharing our progress.”

The Chairman said the appointment of Mr McCullough has the full support of the Board. He furthermore stated that he had full support and confidence in all the members of the Board.

Australian Wool Innovation


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