October 18, 2010
AACo appoints new CFO
Beef producer Australian Agricultural Company (AACo) Ltd has appointed Phil Beale as chief financial officer (CFO).
Beale is currently based in the Middle East, where he is CFO for The Wave, Muscat, a property development joint-venture between the Oman government and Majid Al Futtaim Group, with a total value of about US$3.5 billion.
He was previously CFO for Tameer Holding Investment LLC in Dubai, and CFO for Australand Property Group based in Sydney.
Mr Beale will take up his new position by February 1, 2011. He replaces Kerrie Parker, who recently tendered her resignation and will leave the company on November 12, 2010.