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GrainCorp Announces Partnership, Names CFO

Long-term production contract will ensure major brands of retail spreads

Large Logo Graincorp

Upfield, a global leader in plant-based nutrition, has entered into a long-term partnership with GrainCorp, a diversified Australian food ingredients and agribusiness company, to manufacture a range of its spreads products.

The long-term production contract will ensure major brands of retail spreads, including iconic brands Flora, Flora Pro Activ and Bertolli will continue to be produced in Australia and New Zealand.

“Following a full review of our existing sourcing arrangements for our plant-based portfolio, we have made the decision to enter into a new relationship with GrainCorp," says Julia Strain, country director, Upfield Australia and New Zealand. "Through this new partnership we are reinforcing our commitment to local manufacturing, as well as continuing to deliver the high quality and great tasting products that our consumers know and love."

In related news, the Board of GrainCorp has appointed Ian Morrison as Chief Financial Officer (CFO).

Morrison was appointed as Interim CFO in July 2020 following the departure of Alistair Bell, former CFO.

Morrison’s appointment comes as a result of a comprehensive executive search and the Board is pleased to have made an internal appointment following this process.

Morrison joined GrainCorp in 2011 and has held senior finance roles across all areas of the company, including as CFO of the Grains division.

His experience at the company includes commercial finance, IT, mergers and acquisitions, capital management and shared services. Prior to joining GrainCorp, Morrison spent more than seven years working with KPMG in both the UK and Australia.

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