Agria CFO Patrick Tsang To Resign; Names John Fulton CFO - Quick Facts

(RTTNews) - Agria Corp.(GRO), a global agricultural company, announced that Patrick Tsang, Chief Financial Officer of the Company, has tendered his resignation to pursue other opportunities. Tsang will also relinquish his position as a Director of the Company's subsidiary, PGG Wrightson Limited or PGW.

Having led the finance team in the completion and filing of the 20F for year ended June 30, 2014, Patrick will continue to remain with the Company until November 15, 2014 to assist it in preparing for the transition to his successor.

The company also announced that Wah Kwong Tsang, the current Chairman of the Company's Audit Committee and Compensation Committee, will be reappointed in place of Patrick to the PGW Board effective November 15, 2014. WK had previously served as a non-executive Director and member of Audit Committee of PGW Board, from 2011 to 2012.

The company also announced the appointment of John Fulton as the Chief Financial Officer of the Group. Fulton will assume his office effective January 12, 2015.

Fulton is a New Zealander and since leaving for the UK in 1999 has gained significant treasury and finance experience with a number of international companies including ICI as Treasury Manager, Coca-Cola HBC as Group Treasurer based in London/Athens and Cadbury Schweppes where he was the Group Treasury Director based in London. In 2006 he relocated to Houston Texas where he held various roles including Chief Financial Officer of Ashmore Energy International, which acquired the global emerging market energy assets from the bankruptcy estate of Enron. In 2011 Fulton went onto establish a private consulting company advising infrastructure funds during the early stages of acquisition with projects undertaken in Turkey and Mexico.