SINGAPORE—Halcyon Agri Corp. has announced the retirement of its founding chief executive officer Robert Meyer and chief corporate officer Pascal Demierre effective June 26.
David Li Xuetao, who has been named as the new CEO, was formerly the chief executive of GMG Global Ltd. and has more than 20 years of experience in tire, synthetic rubber and natural rubber business, Halcyon said in a June 29 statement.
Halcyon Agri acquired NR producer GMG Global in 2016 as part of the 3-stage merger of natural rubber business with Sinochem International Corp.
The new management, the NR supplier said, "will be strongly focused on navigating Halycon Agri through difficult global environment arising from the COVID-19 pandemic."
The new appointment, according to Halcyon Agri chairman Liu Hongsheng, marks the completion of the post-merger integration of GMG and the Singapore-based NR supplier.
Commenting on the appointment, outgoing Meyer said the natural rubber industry "is set for a sustained recovery."
"Over the past 10 years ... we have developed a platform that is poised to outperform over the coming years," he added.