Agriterra (LON:AGTA) has made two senior executive appointments to support its growth in the African agricultural sector.
Daniel Cassiano-Silva has become financial director with immediate effect, while agricultural specialist George Naude becomes chief operating officer (Mozambique).
Naude replaces Euan Kay who is retiring from day-to-day management but will remain as a non-executive and provide consultancy.
Andrew Groves, Agriterra’s chief executive said, "This is a period of significant growth for Agriterra.
Cassiano-Silva’s financial background, experience in Africa, and in particular in Mozambique, will be of significant value, he said, while Naude has worked in international agri-operations and hasmore than 13 years' experience leading projects in Mozambique.
Groves added that Agriterra currently is particularly excited about its beef business where its ranches are being developed through “phased irrigation programmes, rapidly expanding the breeding herd, and optimising the feedlot and the established retail operations to build both critical mass and increase earnings visibility.”