LIC director Duncan Coull to step down at end of term

Livestock Improvement Corporation Ltd ( (NZ:LIC) ) has provided an update.

Livestock Improvement Corporation has announced that North Island elected director Duncan Coull will not seek re-election when his current term ends in September. Board chair Corrigan Sowman praised Coull’s strong advocacy for the co-operative model and his governance contributions, noting that while his input will be missed, the board supports his decision to reduce governance commitments and focus more on family, signaling upcoming board refreshment for the co-operative.

Coull’s departure after joining the board in October 2023 introduces near-term governance change but appears orderly and planned, reflecting a considered transition rather than a strategic rift. The move underscores LIC’s ongoing emphasis on co-operative representation and may prompt a search for a new North Island director who can continue championing farmer-owners’ interests in the evolving dairy and agritech landscape.

More about Livestock Improvement Corporation Ltd

Livestock Improvement Corporation (LIC) is a New Zealand-based co-operative agritech and herd improvement company serving dairy farmers. Listed on the NZX, it focuses on providing genetics, information, and productivity solutions to support the performance and profitability of the dairy sector.

Average Trading Volume: 50,962

Technical Sentiment Signal: Buy

Current Market Cap: N$151.9M

For a thorough assessment of LIC stock, go to TipRanks’ Stock Analysis page.