Wellard founder steps down

Australia’s top livestock shipping company is changing management. Mauro Balzarino, the founder and CEO of Wellard for the past 15 years, has stepped down as chief executive, but remains a non-executive director.

Amid tough financial conditions, Balzarini had effectively handed over day-to-day management of Wellard to executive director of operations Fred Troncone in 18 months ago as part of a boardroom shuffle, but retained the chief executive title. Troncone resigned as director last year with his functions taken on by executive chairman John Klepec, who has vowed to continue with the company, having managed to turn it around into profit in the most recent interim results.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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