The fallout from the Murray Goulburn price debacle continues with two directors announcing their resignations.
Special director Kiera Grant has resigned from the board of MG, just seven weeks after joining it, while farmer director Max Jelbart has also stood down due to ill-health.
Both will also cease to be directors of MG Responsible Entity Limited, the responsible entity of the MG Unit Trust.
Mr Jelbart is a dairyfarmer from Leongatha South and was first elected to the board of Murray Goulburn in 2012.
He was re-elected as a supplier director for a further three-year term in 2015.
During his time on the board, Mr Jelbart also served on various board committees, including the finance, risk and audit, compliance and supplier relations committees.
Chairman of Murray Goulburn, Philip Tracy, thanked Mr Jelbart for his service and contribution.
“The board of Murray Goulburn appreciates that this is a difficult time for Mr Jelbart and his family and offers its full support and best wishes,” Mr Tracy said.
Ms Grant was appointed to the board effective March 14, prior to standing for election by shareholders at the annual general meeting, scheduled for October 2016.
“It is regrettable that we have lost such a capable and experienced director before she really had an opportunity to contribute to Murray Goulburn’s future," Mr Tracy said.
"However, we completely understand Ms Grant’s decision in the circumstances.
"The board has a lot of work to do to win back the support and confidence of our supplier/shareholders and in the interim is understandably working in a difficult stakeholder environment.
"This situation could not reasonably have been expected when Ms Grant agreed to take on the role in March.
"Ms Grant retires from the board with our best wishes and thanks for the contribution she was able to make while a director.”
