Viterra Announces Changes to Its Corporate Management Team

Sep 9, 2010 | Corporate Member News

Viterra Inc. (TSX:VT) (ASX:VTA) today announced it will be initiating a change to its legal services function in recognition of its global market position. As a result, Ray Dean, Viterra’s Senior Vice President, General Counsel/Corporate Secretary will step down effective immediately to pursue other interests. Viterra will undertake a global search for a new leader.

As well, Viterra will formally integrate its financial products group within Agri-Products under the leadership of Doug Wonnacott, Senior Vice President of Agri-products. Financial product will become an integrated product line within the Company’s service offering to western Canadian grain and livestock producers, complementing its portfolio of seed, fertilizer, crop protection products, equipment, feed and forage product offerings. This integration will result in the elimination of the Senior Vice President of Financial Products position previously held by Mr. George Prosk.

President and Chief Executive Officer, Mayo Schmidt, “Over the past several months, we as a management team have been challenging ourselves and our teams to enhance our model of operational excellence based on our long-standing principles of efficiency, integration, growth and value creation. These changes support those principles. I would like to thank Mr. Prosk and Mr. Dean for their important contributions to Viterra over the years and wish them well as they pursue their next career opportunity.”

About Viterra

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, as well as offices in Japan, Singapore, China, Switzerland and Italy. Driven by an entrepreneurial spirit we operate in three interrelated business areas: grain handling and marketing, agri-products, and processing. 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.

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