• Rene Dedoncker appointed as new CEO of Elders, commencing 1 October 2026
• Dedoncker brings extensive agribusiness experience from Fonterra and Mars
• Mark Allison to remain as CEO during transition, supporting Dedoncker's onboarding

Elders Limited has announced the appointment of Rene Dedoncker as the new Chief Executive Officer, commencing 1 October 2026. Dedoncker, who currently serves as CEO of Fonterra's Mainland Group, will succeed the long-serving Mark Allison, who has been Elders' Managing Director and CEO for over a decade. Dedoncker brings extensive agribusiness experience, having held several senior executive roles at Fonterra and prior to that, Mars Corporation. The Board has expressed confidence in Dedoncker's ability to lead Elders into its next phase of success, citing his strategic acumen, operational discipline, and genuine passion for agriculture. Allison will continue to lead Elders until Dedoncker's commencement, and will remain available in an advisory capacity until 4 February 2027 to support a smooth transition. The Board has commended Allison's exceptional leadership and contribution to Elders, including steering the company through significant industry cycles and ensuring its continued growth and resilience.

Elders has not provided any high-importance, price-sensitive forward-looking financial metrics or other company-specific metrics in the announcement.

The announcement does not provide any specific forward-looking outlook statements.