Singapore - Halcyon Agri Corp. has announced the retirement of its founding chief executive officer Robert Meyer and chief corporate officer Pascal Demierre with immediate effect from 26 June.
David Li Xuetao, who has been named as the new CEO, was formerly the chief executive of GMG Global Ltd (GMG) and has more than 20 years of experience in tire, synthetic rubber and natural rubber (NR) business, said Halcyon in a 29 June statement.
Halcyon Agri acquired NR producer GMG Global in 2016 as part of the 3-stage merger of natural rubber business with Sinochem International Corp.
The new management, the NR supplier said, “will be strongly focused on navigating Halycon Agri through difficult global environment arising from the Covid-19 pandemic.”
The new appointment, according to Halcyon Agir chairman Liu Hongsheng, marks the completion of the post-merger integration of GMG and the Singapore-based NR supplier.
Commenting on the appointment, outgoing CEO Robert Meyer said the natural rubber industry "is set for a sustained recovery."
“Over the past 10 years… we have developed a platform that is poised to outperform over the coming years,” he added.