Palmquist currently holds the position of executive vice president and chief operating officer at CHS, a global agribusiness specialising in energy, grains and food, and will commence his position at GrainCorp on 1 October 2014.
Previous CEO, Alison Waters resigned from the position in December last year and now holds the position of group managing director at Coca-Cola Amatil. Waters resignation followed the failed takeover bid of GrainCorp by US giant Archer Daniels midland in late November last year.
Executive chairman and interim CEO of GrainCorp, Don Taylor said that the board was ‘delighted’ to announced the appointment of Palmquist.
“We are confident that Mark’s skills and extensive experience will be invaluable to the ongoing growth of GrainCorp as a global agribusiness and food ingredients company," he said. "The company remains focused on building shareholder returns through the program of strategic initiatives we have been implementing since 2012.
“Mark brings a valuable combination of deep industry knowledge and global management experience to GrainCorp. We are all excited about working with him as he leads GrainCorp into its next phase of growth, enhances our customer offering and grows value for our investors.”
Palmquist said that he was looking forward to commencing his new position with GrainCorp.
“I have worked around the world and GrainCorp is by any measure an outstanding company. GrainCorp’s board, management team and people have transformed the company into a leading agribusiness with a strong international reputation. It is a privilege to be joining at such an exciting time,” he said.
