CBH appoints Morony as CFO

19/06/2009 - 16:06

Bookmark

Upgrade your subscription to use this feature.

Grain hander and marketer CBH Group has appointed former Wesfarmers executive David Morony as its new chief financial officer.

Grain hander and marketer CBH Group has appointed former Wesfarmers executive David Morony as its new chief financial officer.

 

CBH Group appoints new Chief Financial Officer


The CBH Group today announced the appointment of David Moroney as its new Chief Financial Officer.

Chief Executive Officer Dr Andrew Crane said Mr Moroney's previous experience, including with the Wesfarmers Group and in the resources industry, would contribute valuable expertise to the CBH Group at an important time in its history.

Dr Crane said the appointment, effective from 1 July, would also complete the reshaping of the organisation's Leadership Group following his appointment as Chief Executive Officer in April.

"I am delighted that an individual of Mr Moroney's calibre and experience has agreed to join us at such a critical period for the CBH Group and the grains industry," he said.

"The deregulation of grain exports and the prospect of increased competition in all sectors of the grain supply chain have created a new, more challenging environment. The CBH Group will, as always, be totally and uniquely focussed on growers' interests but we must also be strongly commercial to ensure the long-term sustainability of their business."

Mr Moroney's career includes nearly 20 years in senior finance roles with internationally and domestically focussed companies. He was most recently Chief Financial Office of First Quantum Minerals, an Africa-focussed mining and metals company.

Before that he spent more than five years with the Wesfarmers Group, initially as Chief Financial Officer of CSBP and later, from 2003 to 2006, as General Manager, Group Business Services. During the 1990s, he held senior financial positions in the resources industry, including with Normandy Mining, Aurora Gold, PT Indo Muro Kencana and Ashton Mining.

Dr Crane said Mr Moroney was looking forward to working with an organisation recently ranked the 12th biggest company in WA and the second biggest co-operative, credit union or mutual in Australia. The CBH Group also secured a record $2 billion of finance facilities this financial year to fund harvest advances to growers, one of the biggest financial transactions completed in WA in 2008.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options