Viterra Inc.
TSX : VT
ASX : VTA

Viterra Inc.

March 10, 2010 18:52 ET

Viterra Hosts Annual and Special Meeting for Shareholders

CALGARY, ALBERTA--(Marketwire - March 10, 2010) - Viterra Inc. (TSX:VT) (ASX:VTA) held its annual and special meeting of shareholders today in Calgary, Alberta. As part of the formal business of the meeting, shareholders voted to elect thirteen directors to the Board. Deloitte & Touche LLP was approved as the Company's auditor.

Viterra acknowledged the contributions of past Director Harold Milavsky, who joined the Company's Board in 2003 and was instrumental in providing guidance on several growth and transformational initiatives.

Viterra's Board consists of the following:

- Mr. Thomas Birks, Chair, joined Viterra's Board of Directors in March 2005 and was elected Chair in April 2008. He is the President of Birinco Inc., a small merchant bank with investment portfolios ranging from private equity to passive investments. His Board experience is diverse, having served as a member of numerous corporations, educational institutions, hospitals and foundations. He received a Bachelor of Arts degree from McGill University and an MBA from Harvard Business School. Mr. Birks serves on Viterra's Nominating/Corporate Governance Committee.

- Mr. Perry Gunner is Viterra's Deputy Chair and serves on Viterra's Nominating/Corporate Governance Committee. Prior to joining the Viterra Board in September 2009, Mr. Gunner was appointed to the ABB Grain Board and as Chair in September 2004. He is also Chair of Australian Bulk Alliance, a joint venture between ABB Grain and Sumitomo. Mr. Gunner has a property at Meningie that produces branded beef (Coorong Angus) and branded lamb (Pure Suffolk) and that incorporates a feedlot.

- Mr. Mayo Schmidt, Viterra's President and Chief Executive Officer, joined the Company in 2000 and has served on Viterra's Board of Directors since March 2005. In 2009, Mr. Schmidt drove the successful purchase of Australia's ABB Grain. The acquisition positioned Viterra as a world class agricultural company with a greater global reach and diversified international presence. Mr. Schmidt also led a strategic and highly disciplined initiative that resulted in the acquisition of Agricore United in May 2007. Mr. Schmidt is a member of the C.D. Howe Institute, Vice-Chair of The Conference Board of Canada and a member of The Conference Board Inc., USA. He serves on the Applied Portfolio Management Advisory Board for the Washburn University School of Business. Mr. Schmidt earned his Bachelor of Business Administration from Washburn University and is a Washburn Alumni Fellow.

- Mr. Vic Bruce has been a Director since 2002. He operates a family farm in Tuxford, Saskatchewan, specializing in pedigree seed production. Mr. Bruce is a graduate of the Canadian Agricultural Lifetime Leadership Program and holds a Bachelor of Education degree from the University of Calgary, majoring in economics. He is a member of Viterra's Audit and Safety, Health and Environment Committees.

- Mr. Thomas Chambers joined Viterra's Board in June 2006. He is an experienced professional accountant, senior executive, corporate director and business advisor, most notably having served for 26 years as a partner in senior management roles with PricewaterhouseCoopers LLP. He is a graduate of the Directors Education Program of Corporate Directors. Mr. Chambers acts as Chair of the Audit Committee and serves on Viterra's Human Resources and Compensation Committee.

- Mr. Paul Daniel serves on the Board's Audit Committee. Prior to joining the Viterra Board in September 2009, he was a Director of ABB Grain and served as a member of the Finance and Audit Committee. He is currently a Fellow of the Australian Institute of Company Directors. The Daniel Family operates its farming interests, principally grain growing, from Balaklava, which is in South Australia's main production area for wheat and barley. In addition to his farming experience, Mr. Daniel holds the Urrbrae certificate in Agriculture, a leading agricultural college in South Australia.

- Ms. Bonnie DuPont has been a Director since March 2008. She is a Group Vice-President with Enbridge Inc. in Calgary and holds a Bachelors degree (Great Distinction) with a focus in Program Administration & Evaluation and Psychology from the University of Regina. She earned a Masters degree at the University of Calgary. Ms. DuPont currently serves on Viterra's Human Resources and Compensation Committee and also sits on its Safety, Health and Environment Committee.

- Mr. T.J. (Tim) Hearn joined Viterra's Board of Directors in May 2008. He retired from Imperial Oil Limited in 2008, where he was the Chair, President and Chief Executive Officer since 2002. He is currently a Co-Chair of the Nominating/Corporate Governance Committee and sits on the Human Resources and Compensation Committee. He graduated from the University of Manitoba with a Bachelor of Science degree.

- Mr. Dallas Howe joined Viterra's Board of Directors in March 2005. He served in a management role with GE Medical Systems Information Technology, which acquired the company he formerly owned, BDM Information Systems. He received a Bachelor of Arts degree and a Masters in Mathematics from the University of Saskatchewan. Mr. Howe is Chair of Viterra's Human Resources and Compensation Committee and serves on its Nominating/Corporate Governance Committee.

- Mr. Kevin Osborn is a member of the Viterra Board Audit Committee and the Safety, Health and Environment Committee. Prior to joining Viterra's Board in September 2009, he was a Director of ABB Grain. Mr. Osborn had a 30-year career in international financial markets, where he held various global senior management positions with the United States' then fourth largest banking corporation, Bank One, which is now part of JPMorgan. Mr. Osborn is currently a Foundation Fellow of the Australian Institute of Company Directors and a Fellow Professional of the National Institute of Accountants.

- Mr. Herb Pinder joined the Board of Directors in March 2003. On September 23, 2009, in order to facilitate the appointment of four new Directors from Australia as part of the Implementation Agreement with ABB Grain, Mr. Pinder resigned, although he has continued to sit as a Board observer. He served as a member of the Nominating/Corporate Governance and Audit Committee. Mr. Pinder is President of the Goal Group of Companies, which provides corporate governance and investment management services with a particular focus on oil and gas private equity. Mr. Pinder received a Bachelor of Arts from the University of Saskatchewan, a Bachelor of Laws from the University of Manitoba, and a Master of Business Administration from Harvard University's Graduate School of Business.

- Mr. Larry Ruud joined Viterra's Board of Directors in March 2008 and serves on its Audit, and Safety, Health and Environment Committees. He was a Partner with Meyers Norris Penny LLP from 2000 until 2009, and has provided farm management consulting services in Western Canada for the past 15 years. In March 2009, Mr. Ruud was appointed President & Chief Executive Officer of One Earth Farms, a newly launched large-scale, fully integrated corporate farming entity. Mr. Ruud owns a farm south of Vermilion, Alberta. He holds a Masters of Science degree in Agricultural Economics from the University of Alberta.

- Mr. Max Venning is a member of Viterra's Board Human Resources and Compensation Committee. Prior to joining the Viterra Board in September 2009, he was a Deputy Chair of ABB Grain. Mr. Venning was a previous Director of AusBulk and United Grower Holdings Ltd. (2002-2004) and was Chair of AusBulk in 2004. Mr. Venning operates a farm in Bute, South Australia.

Complete biographies of each Director can be found at www.viterra.ca.

About Viterra

Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Western Canada, Australia, and New Zealand, with Adelaide, Australia as the base for Viterra's Southeast Asian operations. Our growing international presence also extends to operations in the United States, offices in Japan, Singapore, China and Switzerland. Driven by an entrepreneurial spirit we operate in five interrelated business areas: grain handling and marketing, agri-products, food processing, feed products and financial services. Our expertise, close relationships with producers, and superior logistical assets allow the company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.

Contact Information

  • Viterra Inc.
    Peter Flengeris
    Investor Relations and Corporate Affairs
    (306) 569-4810
    www.viterra.ca