One New Director Elected to AWI Board

Shareholders of Australian Wool Innovation (AWI) have elected Ms Georgia Hack, Mr Jock Laurie and Mr Don Macdonald to the board.

Mr Laurie and Mr Macdonald were existing Directors who were seeking re-election.

For the second year in a row AWI's Annual General Meeting (AGM) was conducted as a virtual meeting due to COVID-19.

Shareholders also endorsed resolutions to limit the tenure of Directors and maintaining the board membership of seven.

The results of the AGM director election votes are:

AWI Chairman Mr Jock Laurie welcomed Georgia Hack to the board.

"Her marketing experience with major retailer David Jones will complement her fellow directors and I look forward to working with her on behalf of Australian woolgrowers."

Speaking at the AGM Mr Laurie said the clear result in this year's WoolPoll will provide real clarity around budgeting.

"Woolgrowers have had their say. They are prepared to pay 1.5%. The company and the new board going forward sit down and do their budgets and they will manage that money appropriately, invested on (shareholders) behalf and make sure the company stays very solid and solvent".

The results of the AGM resolutions:

AWI acting Chief Executive Officer John Roberts says our major global economies start to recover it is critical that we adopt a clear, swift and practical approach to the many challenges and opportunities that sit before us, and that we work in a highly consultative and collaborative way that ensures all of industry remain informed and invested.