Wrightson names Agria’s Lai as chairman, forecasts lift in operating earnings

Tue, 22 Oct 2013

Oct. 22 (BusinessDesk) – PGG Wrightson, the rural services company controlled by Agria Corp, named the Chinese company’s founder Alan Lai as its new chairman, replacing John Anderson, and forecast a lift in full-year operating earnings. The Christchurch-based company first flagged the departure of veteran businessman Anderson last month, after he was appointed to steer the company after its 2010 shakeup that followed the arrival of Agria as an investor with fresh equity at a time profits were weak and debt was high. Agria subsequently lifte...

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