Mark Irwin.THE chief executive of troubled live cattle exporter Consolidated Pastoral, Mark Irwin, has left the company after just a year in the job.
Private equity firm Terra Firma bought Consolidated from James Packer in 2009 for $450 million but it has been plagued by restrictive Indonesian import quotas and poor prices due to the high Australian dollar.
Consolidated is Australia’s largest live cattle exporter and one of its biggest landholders with more than 5.7 million hectares.
Mr Irwin, previously head of GrainCorp, said his departure was “cordial”. “I have just completed an important internal restructure and identified what needs to happen including setting out a five-year plan,” he said. “However, I have had a very heavy workload and, really, I just couldn’t commit to the full five years.”
It is believed another two directors, Tim Money and Karen Dolenec, have also left the company.
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