STL Board election – time to vote

STL Board election – time to vote

A grower representative position on the board of Sugar Terminals Limited is becoming vacant and two CANEGROWERS members are among the candidates standing to fill it.

If you own Sugar Terminals Limited G Class shares you are eligible to vote.

Constantine Christofides is retiring as a director of the company which manages Queensland’s six bulk sugar export facilities.

The vote to fill the vacancy will be taken at the STL Annual General Meeting on 24 October 2018 in Brisbane. For more details and to organise a proxy head to the website www.sugarterminals.com.au

Below are statements supplied by the two CANEGROWERS members standing for the position:

Owen Menkens (B Comm, GAICD)

I am a cane grower in the Burdekin district and have been operating the farm with an average annual production of 30,000 tonnes for 21 years. Prior to that I worked in audit accounting in Brisbane and London.
I am currently Deputy chairman of Canegrowers Burdekin Ltd, a member of the CANEGROWERS Policy Council and a director of CANEGROWERS where I am Chairman of the Audit and Risk committee. I have been involved in industry directorships for over ten years through which I have an extensive knowledge of director’s duties and obligations. I have a Bachelor of Commerce Degree and I am a Graduate Member of the Australian Institute of Company Directors. I have also gained accreditation in the industry Smartcane Best Management Practice system.   
I have nominated for a position of grower director on STL. STL is a very important component in the sugar industry as it handles 90% of the raw sugar produced. The terminal assets and infrastructure need to be appropriately maintained for the benefit of the industry for the long term. The business of STL must also remain sustainable so as to service these assets and provide reasonable returns to shareholders. STL needs to have stability in its long-term direction for both shareholders and the sugar industry. If you have any queries, please feel free to contact me on 0409480179 or email me.


Tony Bartolo (B Com, FCPA, GAICD, Dip FP, JP)

I am a third generation Smartcane BMP accredited Mackay district cane farmer, with experience gained during 23+ years of accounting before leaving the partnership of DGL.  I have previously been a Director of Mackay Sugar Ltd, standing as Chairman of the Finance Committee, and on the Audit, Compliance and Due Diligence Committees. In that time the $120m Co-Generation Plant was financed and constructed within budget during the GFC, $50m unsecured bonds raised and the 50,000 tonne molasses bladder constructed at the Port of Mackay. I was part of the Board of The Eton Irrigation LMA to evaluate the scheme with assets of approximately $230m, conduct strategic planning, due diligence, engage with all stakeholders and prepare a full business case and financial model to Queensland Treasury in July 2014.
I have demonstrated the strategic business acumen and commitment to good corporate governance required to guide a company like STL. I view the sugar terminals as a strategic link in the supply chain in our sugar industry that is built on quality product, timely delivery of cargo in a safe and efficient manner. I am committed to improving the performance of those valuable assets for the benefit of all shareholders and would enhance the current skill sets of the Board of STL and advance the Company’s new vision, mission, purpose and philosophy. I can be contacted directly on mobile 0419797238 or email me.

 

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