A tough reign for Jackman at fading Elders

Destabilising debt levels and a traumatic post-GFC restructure meant the odds were always against Elders chief Malcolm Jackman. But the fact the company has any market value at all is testament to his legacy.

Malcolm Jackman’s five-year tenure at the helm of the much-diminished rural services group Elders ended abruptly today. No doubt he has mixed feelings, but at one level there will inevitably be a sense of relief.

Elders didn’t explain why Jackman was departing immediately. He had been expected to remain CEO until Elders had dealt with its recapitalisation and the final dregs of a traumatic five-year restructuring program.

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