Viterra Inc. (TSX:VT) (ASX:VTA) is pleased to announce that its President and CEO Mayo Schmidt has been named Chief Executive of the Year by Canadian Business Magazine. Candidates for the award are evaluated based on specific performance metrics including annualized shareholder return, annual growth rate and corporate net income.
“Since his arrival at Viterra in 2000, Mayo has shown extraordinary vision and leadership,” said Thomas Birks, Viterra’s Board Chair. “His strategic and disciplined approach has positioned Viterra as a leader in shaping the future of agriculture and expanding Viterra’s reach in North America and around the world.”
Earlier this year, Mr. Schmidt led the successful acquisition of ABB Grain Ltd. of Australia, establishing an international presence for Viterra as a premium quality ingredients supplier to leading global food manufacturers. In 2007 he spearheaded the successful acquisition of Agricore United by Saskatchewan Wheat Pool, creating Canada’s largest agribusiness.
Mr. Schmidt was honoured on October 21st at the Canadian Business Leadership Forum in Toronto, Ontario.
Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Western Canada, Australia, and New Zealand, with Adelaide, Australia as the base for Viterra’s Southeast Asian operations. Our growing international presence also extends to operations in the United States, offices in Japan, Singapore, China, Switzerland and India. Driven by an entrepreneurial spirit we operate in five interrelated business areas: grain handling and marketing, agri-products, food processing, feed products and financial services. Our expertise, close relationships with producers, and superior logistical assets allow the company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.
CONTACT INFORMATION:Viterra Inc. Peter Flengeris Investor Relations and Corporate Affairs (306) 569-4810 www.viterra.ca