McNee, who informed LIC’s board of his intention to step down from the role later this year, said he is proud of what LIC had achieved during his time as chief executive.
He said he was particularly proud of its transformation into a modern, progressive co-operative, with significant improvements in how it operates.
It had also made a major investment in digital capability and delivery, and McNee had worked closely with the board to implement a fit for purpose share structure.
“I am proud to be leaving LIC in great shape for the future, which is critical given its role as the DNA of the New Zealand dairy sector,” McNee said.
“LIC is a unique agri-technology company, which adds huge value to the New Zealand economy, and is increasingly playing a role helping farmers deal with the environmental challenges they face.”
LIC chair Murray King said that McNee had contributed to sustained growth and development of the business while in the role as chief executive.
“From his appointment as chief executive in 2013, Wayne has led the organisation through a period of significant growth and development across all areas of the business while delivering strong shareholder returns,” King said.
“Over the past year, Wayne and his leadership team led LIC through the challenges of covid-19 and the co-op is on track to deliver record results for the fourth consecutive year.”
King said the board wished to thank McNee for his work for both LIC and his contribution to the wider food and fibre sector, having served on the board of Safer Farms and in his current role on the advisory board of the Sustainable Business Council.”
He says the board will commence a search for a replacement immediately and expects a good talent pool of both internal and external candidates.
