Sydney Markets announces new chair

Agribusiness leader Peter McBride will step into the role of chair of the board of directors for Sydney Markets in January 2024. He succeeds John Pearson, who retired in 2023 after serving as chair for almost 19 years.  

McBride joins Sydney Markets with extensive leadership experience. He is the current chair of Fonterra Co-operative Group, a director of Sequal Lumber, and is a member of the New Zealand China Council and the Zespri Global Supply Advisory Board. 

His previous governance roles include being a director and then chair of Zespri International and a director of the New Zealand International Business Forum. 

A Sydney Markets press release said, McBride’s proven track record of delivering shareholder value and international agribusiness experience make him an ideal leader for the organisation’s next phase of growth.  

McBride said he is honoured to serve the shareholders of the iconic Australian institution.  

“I’ve spent a significant amount of my governance career in agribusiness, particularly large exporters and cooperatives. As a result, I have deep empathy with the shareholders of Sydney Markets and understand that the markets are an extension of their businesses,” McBride shared. 

“I look forward to working alongside shareholders and my fellow directors to bring the transformative change that is required to ensure the continuation of Sydney Markets’ legacy.”