On June 30, Halcyon Agri Corporation Limited, the world’s leading natural rubber (NR) supplier, announced the retirement of its founding CEO, Robert Meyer, as well as of its Chief Corporate Officer, Pascal Demierre, with immediate effect from June 26, 2020.
Mr Meyer will be succeeded by David Li Xuetao, who becomes CEO effective from 26 June, 2020. Mr Xuetao is the former CEO of GMG Global Ltd and brings with him over 20 years’ experience in the tire, synthetic rubber and natural rubber business. Halcyon Agri acquired GMG Global in 2016 in a series of transactions to consolidate the NR business of Sinochem International Corp - Halcyon Agri's major shareholder. GMG Global was renamed Halcyon Rubber & Plantations Pte Ltd.
Singapore-based Halycon Agri says the new management team will be strongly focused on navigating the group through the current difficult global environment arising from the global coronavirus pandemic and will ensure the group is well positioned to emerge stronger and to capitalise on opportunities arising from the evolving business environment.
Commenting on this leadership transition, Liu Hongsheng, Chairman of the board of directors of Halcyon Agri, stated, “Today marks the successful completion of the post-merger integration of GMG, Sinochem’s Natural Rubber business unit and Halcyon Agri. On behalf of Sinochem International and Halcyon Agri, I would like to thank Robert and Pascal for their efforts and contribution in building up Halcyon Agri, and for leading the Group through the challenging market conditions of the last 3 ½ years.”
Mr Meyer, said, “Over the past 10 years, I have been fortunate to work with an outstanding team of colleagues and friends, and we have developed a platform that is poised to outperform over the coming years. The natural rubber industry is set for a sustained recovery, and as second-generation member of the fraternity, I am grateful to have been able to contribute my part."
“It has been a remarkable journey and experience to grow this business from inception into one of the largest and best respected companies in the industry globally, made possible only with the dedication of exceptional teams across the Group,” Mr Demierre said, “ I am privileged to have worked with them, and immensely proud to call them my colleagues and my friends. The support from Sinochem since our merger has been invaluable, and I wish the company and the new management a bright future.”