Dewdney leaves on May 31, 2013 to fulfil his long held goal to be a ‘hands on’ dairy farmer, along with expanding his professional director roles.
He was recently appointed to the Tatua Co-operative Company Ltd board as a director.
Announcing the resignation, LIC Chairman Murray King said Dewdney joined LIC in 2006, indicating he expected to fill the role for five to seven years.
“He has done that, delivering outstanding financial returns to shareholders and overseeing an organisation which provides a large number of innovative solutions for New Zealand dairy farmers, and has developed a world class team of staff.
“LIC reviewed its strategy in 2012 and is well positioned for the phase of growth with clear direction and a significant programme of investment.”
On March 1, 2013 current COO David Hemara will assume the role of Acting CEO while an international search for a new CEO is conducted. Dewdney will continue to support Hemara and the board until May 31.
Dewdney has extensive experience within the dairy industry both internationally and in NZ. Immediately prior to joining LIC he was the Managing Director for Fonterra’s Asian Ingredients businesses and, previous to those postings held senior management roles with Fonterra, both within NZ and internationally, with NZ Dairy Group, LIC International, Crean Foodservice and the Tatua Dairy Company.
