Ridley Corporation Limited announced that by agreement Mr. John Murray will be stepping down as Chief Executive Officer and Managing Director on July 1, 2013. The Board has appointed Mr. Tim Hart as the new Chief Executive Officer and Managing Director of Ridley. To facilitate an orderly transition, Mr. Tim Hart will commence with Ridley on April 2, 2013 as Chief Executive Officer Designate until Mr. Murray steps down from his role on
July 1, 2013.