SINGAPORE (June 29): Halcyon Agri Corporation today announced that its founding CEO Robert Meyer, and COO Pascal Demierre, stepped down from their positions on June 26.

David Li was appointed as the new CEO of Halcyon Agri effective from June 26. He was previously the CEO at GMG Global, and has over 20 years’ experience in tyre, synthetic rubber and natural rubber business.

See: Halcyon pulls off three-way merger, fights to get GMG shareholders on board

In a Monday statement, Halcyon Agri says the new management team will focus on navigating the company through the “difficult global environment” due to the Covid-19 outbreak.

“Today marks the successful completion of the post-merger integration of GMG, Sinochem’s Natural Rubber business unit and Halcyon Agri,” says Liu Hongsheng, Chairman of the board of directors of Halcyon Agri, on the leadership transition.

“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 three-and-a-half years,” Liu adds.

“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 [a] second-generation member of the fraternity, I am grateful to have been able to contribute my part. I wish the Company and its new leadership team all the best, and will continue to support Halcyon Agri as an advisor and a shareholder. Thank you for the opportunity,” says Meyer.

“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. 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,” says Demierre.

Shares in Halcyon Agri closed flat at 24 cents on Friday.