The new single ‘super-region’ business unit – to be known as APMEA – will be led by Asia/Middle East/Africa division managing director Mark Wilson. The appointment takes effect on 1 January.
Chief executive Theo Spierings said the move was part of the co-operative’s strategy to increase its consumer businesses. “Our businesses across Asia Pacific represent around 40% of our earnings and are vital to the co-operative.
“There are big growth opportunities in the emerging markets of Asia and the Middle East, and some challenges to address in our home markets of Australia and New Zealand and our strategy requires us to address both.”
Source: Stuff/National Business Review
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