ONE of Australia's largest beef producers, Consolidated Pastoral Company (CPC) has announced the appointment of Keith Warren as its new chief executive.
Mr Warren joins CPC from Yum Restaurants International where he enjoyed an 18-year career, most recently as managing director of its African operations where he led the trebling of the business.
Prior to this, Mr Warren worked in restaurant operations and finance capacities within the Yum KFC, Taco Bell and Pizza Hut businesses in Australia.
He qualified as a Chartered Accountant at KPMG in South Africa.
He takes over from CPC's interim chief executive, Fergal Leamy, who will return to his role as part of Terra Firma’s operational team while continuing to work closely with Mr Warren and the CPC team.
Private equity firm Terra Firma bought a majority share in CPC in 2009. CPC is one of Australia’s largest beef producers with approximately 360,000 head of cattle across 5.6 million hectares of land.
“I am delighted to welcome Keith to Consolidated Pastoral. He has a record of outstanding achievement and his knowledge and understanding of the food sector gained over the last 18 years will bring huge benefits to the business as we develop into a more market-focused supplier,” CPC chairman Mark Bahen said.
“I am thrilled to be joining Consolidated Pastoral, an iconic Australian business with enormous global and local reputation and potential. I look forward to working with the company's highly experienced and committed team,” Mr Warren said
“We are delighted to welcome Keith as the new chief executive," Guy Hands, Chairman and Chief Investment Officer of Terra Firma, said.
"Fergal has done an outstanding job as interim CEO, and Keith’s food industry background makes him ideally placed to lead CPC into the next phase of its transformation into a more consumer-focused business.
"We look forward to working with him in continuing to grow and develop CPC.”
Terra Firma specialises in buy-outs of large, asset-rich and complex businesses.
Since its establishment in 1994, Terra Firma has invested over €16 billion of equity and completed transactions with an aggregate enterprise value of €45 billion.
Consolidated Pastoral owns a portfolio of cattle stations with approximately 360,000 head of cattle across 5.6 million hectares of land in Australia.
The company also holds a 50 per cent interest in a joint venture which owns and operates two feedlots in Indonesia.
CPC’s direct sales channels primarily involve selling cattle to domestic feedlots or processors, and exporting live cattle.