Incitec Pivot Ltd. (IPL), Southbank, Victoria, on June 22 announced the appointment of Michael Carroll as Chairman designate of the proposed standalone Incitec Pivot Fertilisers business, should the structural separation of the Incitec Pivot Fertilisers (IPF) business and Dyno Nobel business proceed.
IPL on May 23 announced its plan to demerge its fertilizer and mining explosives divisions into two separate Australian Securities Exchange (ASX) listed companies by mid-2023 (GM May 27, p. 1).
IPL Chairman Brian Kruger said the intended appointment of Carroll as Chairman of IPF ensured that the Board of IPF would be led by an experienced and highly regarded Non-Executive Chairman.
Carroll is an experienced Non-Executive Director and has extensive executive experience in the financial and agricultural sectors. He had an 18-year executive career with the National Australia Bank (NAB), including as General Manager of NAB’s Agribusiness Financial Services, where he was responsible for creating and leading the bank’s Agribusiness division.
Prior to joining NAB, Carroll held positions in the agricultural sector with Monsanto Australia Ltd., Schering Pty Ltd., and Gene Link Australia Ltd.
He is currently a Non-Executive Director of Rural Funds Management Ltd, Paraway Pastoral Company, Viridis Ag Pty Ltd., Australian Rural Leadership Foundation, Genetics Australia, and Regional Investment Corp.