Corporate Profile

Material issue

Stakeholders

Status

1.

New management structure

Investors
Employees
Customers
Suppliers
Lenders

The Board of the Group’s operating company was restructured, removing a layer of line managers and introducing functional roles to the Board.

2.

Implementation of strategy – value chain alignment and expansion into foods sector

In 2009 the Group began to more closely align its operations with the grain value chain and stated its desire to expand into the food sector. The disposal of assets not aligned with the Group’s value chain continued during the year and is now nearly complete. Following on from the expansions at AFGRI Poultry in 2009 the Group continued to expand existing capacities at both Animal Feeds and Nedan. Acquisitive expansion began with the purchase of the remaining minority interests in Midway Chix and the acquisition of Rossgro after year-end.

3.

One AFGRI philosophy

The philosophy demands the integration of the diverse business units and resources to optimise the provision of seamless products and services across the value chain and the furtherance of a united AFGRI.

4.

Change management

The multitude of developments within the Group demands appropriate change management. Management have responded to this requirement in a variety of ways, in particular improving communication and appointing change managers to supervise the IT implementation and the establishment of a Shared Services Centre.