Friday 29th May, 2020

New chairman chosen for Interflour

Photo: Interflour

The CBH Group has appointed a new chairman of the Interflour Group Board following the retirement of Imre Mencshelyi.

Luke Bugeja, currently an Operating Partner at Hermes GOE and a non-executive director for a number of portfolio companies, was selected for the role. He has held investment and operational roles at Qantas Airways, Virgin Blue, Macquarie Bank, Ontario Airports Investments and Changi Airport Group.

Mencshelyi retired from the Interflour Group Board in December 2019. He was appointed Chairman in 2005 following the forming of Interflour in a joint venture between CBH and Origold, which each hold a 50 per cent interest in the group.

The group has since grown from having a daily milling capacity of 4200 tonnes per day across six mills to having a milling capacity of 7410 tonnes per day across 10 mills. It also operates the largest dedicated grain terminal in south Vietnam as well as a malt plant with a daily capacity of 360 tonnes per day.

CBH Chairman Wally Newman thanked Mencshelyi for his service and leadership during his 14 years at Interflour.

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“Since Interflour was established in 2005, the business has grown significantly, diversified into malt production with the launch of Intermalt in Vietnam, and extended its service and product offerings for customers,” Mr Newman said.

“Imre’s leadership assisted the Interflour management team during the early period of change as well as in responding to the more recent heightening of competitive pressures in flour milling in Asia.

“While Interflour continues to operate in a highly competitive environment, efficiency and sales initiatives have resulted in improved performance, particularly from the core South East Asian flour business as well as at their Vietnamese port asset and the Intermalt facility.

Bugeja is based in Singapore and holds an MBA from Deakin University in Melbourne, Australia.

“I look forward to working with the Interflour Group Board and management as we continue implementing our strategy to generate greater value for our shareholders,” Bugeja said.