Chanrai will retire as non-executive director of the board.

This investment is consistent with the company’s strategy to selectively invest in prioritized platforms.

Food segment earnings fall on low volumes of grains, sugar and rice.

Two appointments were made official on Nov. 1.

The sale is valued at about $1.2 billion.

Temasek Holdings will remain Olam’s majority shareholder with a 51.4% controlling stake.

Company turns in a strong financial performance in the first half of the year despite the current depressed macroeconomic climate.

Kwa has extensive industry and corporate experience.

Operational profit, which excludes the exceptional items, was up 25.7%.

System of Rice Intensification could impact more than 55 rice-producing countries.