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Alterra appoints new managing director to drive expansion

Oliver Barnes brings extensive experience in greenfield project development and institutional investment.
Alterra appoints new managing director to drive expansion
The current managing director will remain as an executive director

Alterra Ltd (ASX:1AG) has appointed an experienced agricultural executive as new managing director to drive the company’s agribusiness expansion and growth strategy.

Oliver Barnes will initially join Alterra’s board as an executive director from January 11 before being appointed managing director after completing a three-month notification period.

Current managing director Andrew McBain will remain in the role until Barnes assumes the role, which will be no later than April 2, 2019.

McBain will then remain on the board of directors and as an executive director.

“Skill-set and experience invaluable”

Alterra chairman Trevor Stoney said: “Oliver’s skill-set and experience in developing high-value, institutional agricultural assets will be invaluable as the company seeks to capitalise on the opportunities it continues to advance.

“He is well versed in realising value from agricultural development opportunities, understands the WA agricultural industry and has extensive experience in improving agribusiness management.”

Fifth generation agriculturalist

For three years Barnes was chief operating officer at WA Sandalwood Plantations, where his responsibilities included driving productivity gains across 13,000 hectares of sandalwood in the Central Wheatbelt of WA.

He was also part of the team that established Dutjahn Sandalwood Oils, a 50% indigenous-owned sandalwood oil distillation business, which is now a leading supplier of sandalwood oils to the fine fragrance industry.

A fifth-generation agriculturalist whose great grandfather Sir Arthur Linfield developed Europe’s largest horticulturist businesses, he has also set up Miro Forestry, one of West Africa’s largest plantation forestry businesses.

Robust balance sheet

Stoney also said: “Post the demerger of Carbon Conscious Investments Ltd, the company is well positioned with a robust balance sheet and ongoing cash-flow from the management of the demerged carbon business.

“The appointment of Mr Barnes to this key leadership role is a continuation of the strategic evolution of this company.”

- Jessica Cummins 


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