Paraway Pastoral chief executive and chair to exit

One of Australia’s largest pastoral companies has announced the departure of two senior leaders. See the details.

Departing Paraway Pastoral Company CEO Harvey Gaynor.

One of Australia’s largest pastoral companies is set for a change in leadership, announcing both its chief executive and chair are stepping down.

Macquarie Agricultural Funds Management Limited’s Paraway Pastoral Company announced its CEO Harvey Gaynor and chair Bruce Terry would both be leaving the company.

The company’s head of corporate development Stuart Johnston has been appointed the new CEO while current non-executive director Jock Whittle is the new chair.

Mr Gaynor has been at the helm of Paraway for four years, overseeing the implementation of an emissions reduction action plan and optimising the company’s portfolio, including the establishment of a dedicated cropping business unit and the divestment of two properties, the 5437ha Burmah Aggregation in northern NSW and the 14,400ha Borambil Station near Condobolin in Central West NSW.

“After four years leading the amazing team at Paraway, I have decided that now is the right time for me to step down as CEO,” Mr Gaynor said in a statement.

“I am immensely proud of what we have accomplished together at Paraway and the business is well-positioned to continue its trajectory as a reliable supplier of high-quality produce.”

Exiting chair of Paraway Pastoral Company, Bruce Terry (right).

Outgoing chair Mr Terry has been on the Paraway Pastoral board since its inception in 2007, ending his 18-year stint.

“Bruce has led the board of Paraway since the company’s inception and we sincerely thank him for his dedication to the business over nearly two decades. We wish him the very best in his future endeavours,” Mr Whittle said.

“The dedication and hard work of Paraway’s more than 250 people across all 30 of our stations around Australia, ensures the business continues to go from strength to strength.

“I am excited to work alongside Stuart during our next phase under his leadership. The quality and diversity of Paraway’s portfolio of properties allows us to explore how we can increase our role in meeting growing consumer demand for high quality and responsibly produced animal protein.”

Combined, the company’s 27 station property portfolio can run 220,000 cattle and 250,000 sheep alongside dryland and irrigated cropping ventures.

Earlier in May Paraway Pastoral hosted the Net Zero, Better for Business field day, attended by around 200 people, at Paraway’s Barton Station, Willaura, in western Victoria.