Ruralco CFO steps down

Ferguson resigns effective immediately, external replacement search underway.

Andrew Ferguson has stepped down as Ruralco Holdings Ltd's chief financial officer, with an external search underway to find his replacement.

In a statement to the Australian Securities Exchange, Ruralco managing director John Maher announced Mr Ferguson's resignation, effective July 30.

"The company has appointed Hattonneale to commence an external search for a chief financial officer, with the role being covered internally until an external appointment is made," he said.

Mr Ferguson was with Ruralco for 16 months.

His departure follows the resignation of Ruralco's director Shane Smith last week.