Article #965266269
Thursday, August 3rd 2000, 12:00AM
Farmers’ Mutual Group chief executive, Michael Millar, is to move on at the end of March 2001 after seven years with the company.“Michael has made a tremendous contribution to Farmers’ Mutual, establishing the company as New Zealand’s leading rural financial services provider,” Farmers’ Mutual Group chairman John Wills says.
The announcement is being made now, significantly in advance of his departure, in order that the company can implement its succession planning and that the transition is as seamless as possible.
Millar is a principal of the recently established Investment Services Limited (ISL), a company whose philosophy is based on identifying superior investment opportunities for investors and managing those investment to maximise the long term returns.
Millar intends becoming more active in ISL, which will be investment manager for the new $12 million Awatere wine company ‘The Crossings', jointly promoted by Farmers’ Mutual Investment Services and IS
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