Interflour Group appoints new Chairman
25 March 2020
The CBH Group is pleased to announce that Luke Bugeja has been appointed Chairman of the Group Board following the retirement of Imre .
Mr retired from the Group Board in December 2019. He was appointed Chairman in 2005 following the forming of in a joint venture between CBH and . CBH and each hold a 50 per cent interest in the Group.
Under his chairmanship, has gone from a total daily milling capacity of 4,200 tonnes per day across six flour mills to a Group that now has milling capacity of 7,410 tonnes per day across 10 mills, the largest dedicated grain terminal in south Vietnam as well as a malt plant with a daily malting capacity of 360 tonnes per day.
CBH Chairman Wally Newman thanked Mr for his service and leadership during his 14 years at .
“Since was established in 2005, the business has grown significantly, diversified into malt production with the launch of in Vietnam, and extended its service and product offerings for customers,” Mr Newman said.
“Imre’s leadership assisted the management team during the early period of change as well as in responding to the more recent heightening of competitive pressures in flour milling in Asia.
“While continues to operate in a highly competitive environment, efficiency and sales initiatives have resulted in improved performance, particularly from the core Asian flour business as well as at their Vietnamese port asset and the facility.
“On behalf of shareholders, I sincerely thank Imre for his contribution, we wish him every success in his future endeavours.”
Mr Bugeja has held investment and operational roles spanning both investment management in infrastructure and aviation over the past 31 years including roles with Qantas Airways, Virgin Blue, Macquarie Bank, Ontario Airports Investments and Changi Airport Group. He is currently an Operating Partner at Hermes GPE and serves as a non-executive director on portfolio companies.
Mr Bugeja is based in Singapore and holds an MBA from Deakin University in Melbourne, Australia.
“I look forward to working with the Group Board and management as we continue implementing our strategy to generate greater value for our shareholders,” Mr Bugeja said.