Former Viterra exec joins CWB board

The federal government has named David Carefoot, Viterra’s former chief financial officer, as one of its appointees to the Canadian Wheat Board’s (CWB) board of directors.

Carefoot, of Oakbank, Man., left Viterra in February, when he was replaced by current CFO Rex McLennan. Carefoot had come to the grain company’s executive as CFO of Agricore United, which merged with Saskatchewan Wheat Pool last year under the Viterra name.

Before his appointment as AU’s CFO in 2006, he had previously held several upper management roles in its finance department. He was previously corporate controller and manager of finance (1996-2001) for UGG, which then merged with Agricore to form AU. Carefoot had also previously worked for Price Waterhouse (1984-96).

“The addition of someone with such expertise will be a significant contribution to the deliberations of the CWB board of directors, especially as the organization tackles the important challenges facing it today,” said federal Agriculture Minister Gerry Ritz in announcing Carefoot’s appointment Friday.

Carefoot, whose appointment runs for a three-year term, replaces William Cheuk, president of a Vancouver organic greenhouse company and vice-president of a venture capital firm, on the CWB board. Cheuk was appointed to the board in May 2005 by then-CWB minister Reg Alcock.

Cheuk was also the last of the previous Liberal government’s appointees on the CWB board, all of whom have now been replaced or dismissed.

Out of the board’s 15 members, 10 are elected by Prairie farmers while the remaining five are appointed. The Conservative government’s other appointees include former SaskPool executive Bruce Johnson, former AU and UGG director Ken Motiuk and Glen Findlay, a former Manitoba agriculture minister. The remaining seat goes to the board’s new CEO, Ian White.

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