Sydney, Australia: Midway Limited, Australia’s only listed woodfibre processor and exporter, announced the appointment of Mr Tony McKenna as its next Managing Director and Chief Executive Officer.
Mr McKenna will start with Midway after he finalises his exit arrangements with his current employer. Mr McKenna’s appointment follows the decision of the current Managing Director and Chief Executive Officer, Mr Tony Price, to step down so that he can pursue non-executive roles.
Midway Chairman Mr Greg McCormack said the appointment of Mr McKenna followed an extensive and rigorous selection process involving external and internal candidates.
“The Midway Board believes that Tony McKenna has the right combination of operational and investment experience to lead Midway into a new phase of growth,” Mr McCormack said.
“Mr McKenna has extensive international experience in delivering growth strategies and major investment projects that will directly assist Midway with its future growth plans including leveraging our core businesses, expanding in complementary opportunities and investing in emerging technologies,” Mr McCormack said.
“Mr McKenna also has a deep understanding of Australian agribusiness. He has been CEO and Managing Director of Ruyi Australia for the last five years. Before that he was an Executive Director of AgCap and Managing Director of Lempriere Capital.”
Mr McCormack thanked the outgoing Managing Directorand CEO, Tony Price, for his contribution to Company growth over the last sixyears, including the listing of Midway on the Australian Securities Exchange and domestic and international expansion.
“Mr Price is highly regarded for his extensive forestry industry experience, and his leadership has driven Midway growth since 2015. After he steps down as Managing Director and CEO, Tony has agreed to continue as an adviser to Midway on our forestry expansion plans in Tasmania,” Mr McCormack said.