New manager for PGG Wrightson Wool

Cedric Bayly has been appointed general manager of PGG Wrightson Wool.

Mr Bayly, previously national manager of Elders Primary Wool, spent nine years as general manager of wool at Williams and Kettle, which was one of the main components of the PGG Wrightson merger in 2005.

"We are very pleased to have him back," PGG Wrightson managing director George Gould said, describing Mr Bayly as a dedicated wool career specialist and "absolutely the right man" to lead PGG Wrightson Wool.

Craig Osborne, who has been chief operating officer of PGG Wrightson Wool, will return to head up strategy for PGG Wrightson.

His appointment into wool was always intended as a temporary measure, to manage the transition of Wool Partners International (WPI) through to either the "plan B" co-operative or back to PGG Wrightson Wool and that job was done, Mr Gould said.

PGG Wrightson recently took direct control of WPI, with WPI trading from July 1 as PGG Wrightson Wool.

After the failure of the Wool Partners Co-operative to raise cash to buy WPI, PGG Wrightson left the door open for growers to submit a "plan B" proposal to buy WPI.

When that failed to occur, the rural services company bought the remaining minority stake in the company it did not already own.

 

 

 

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