SYDNEY: Alterra Limited announced the appointment of Non-Executive Director John McGlueas Chairman of the Board of Directors of the Company, effective immediately.

He replaces long-serving Chairman Trevor Stoney, who remains on the Board as a Non-Executive Director. The change in Board roles comes as Alterra looks to expand its pipeline of large-scale horticultural projects in Western Australia and complete feasibility studies on its Carpenters 300ha avocado project in Pemberton.

Mr  McGlue  joined the Alterra  advisory  board  in  January  2020 and  was  appointed  as  a  Non-Executive  Director  of  the Company in June 2020. He has been working with the board and management team as the Company works on completion of feasibility for the Carpenters Project and develops its strong pipeline of further opportunities.