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wellard ltd (WLD) Details

Wellard Limited primarily supplies live sheep and cattle to customers in the Middle East and Asia. It operates through Trading and Chartering, and Other segments. The Trading and Chartering segment engages in the business of livestock marketing; buying livestock from various sources for export to buyers in international markets; and logistics and transportation activities for the delivery of livestock, which include the carriage of cargo owned by third parties through its vessels. The Other segment processes and distributes meat. The company is headquartered in Fremantle, Australia.

151 Employees
Last Reported Date: 08/20/18

wellard ltd (WLD) Top Compensated Officers

Executive Chairman
Total Annual Compensation: A$154.7K
CFO & Executive Director
Total Annual Compensation: A$440.9K
Managing Director of Wellard Ships Pte Ltd
Total Annual Compensation: A$546.4K
Business Development Manager - China & Execut...
Total Annual Compensation: A$185.6K
Livestock Network Development Manager
Total Annual Compensation: --
Compensation as of Fiscal Year 2018.
wellard ltd
Wellard Limited Announces Cessation of Mauro Balzarini as Chief Executive Officer

Wellard Limited announced that Mr. Mauro Balzarini has ceased the role of Chief Executive Officer. Wellard has negotiated the removal of certain "key man" clauses and their consequences contained in its vessel finance agreement with Intesa Sanpaolo S.p.A. Therefore the cessation of Mr. Balzarini's employment as CEO no longer triggers an immediate prepayment event under the Intesa facility, and it does not constitute a cross default or breach under any of the Company's other financing arrangements. The terms of Mr. Balzarini's departure from Wellard are currently being finalised. The company also announced that John Klepec will continue in the role of Executive Chairman.

Wellard Limited Reports Earnings Results for the Half Year Ended December 31, 2018

Wellard Limited announced earnings results for the half year ended December 31, 2018. For the half year, the company announced sales was AUD 188.196 million compared to AUD 140.587 million a year ago. Net income was AUD 2.853 million compared to net loss of AUD 7.472 million a year ago. Basic earnings per share was AUD 0.0064 compared to basic loss per share of AUD 0.0136 a year ago.

Wellard Limited Approves Confirmation of Appointment of Director John Stevenson

Wellard Limited approved the confirmation of appointment of Director John Stevenson, at its 2018 annual general meeting held on 23 November 2018.


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