Livestock finance specialist StockCo Australia has announced the appointment of Doug Snell to replace Richard Brimblecombe as the company’s new chief executive officer.

Mr Snell, who took up his appointment in 13 July, following Mr Brimblecombe’s move to a new role as CEO at the North Australian Pastoral Co late last year.

Doug Snell

Mr Snell brings a wealth of operational and leadership skills to the business and will be working closely with StockCo’s Australian team as they look to accelerate national growth.

He spent eight years as manager for Commonwealth Bank of Australia Queensland and Northern Territory regions and also managed the specialised agribusiness team targeting corporate and post farmgate agribusiness.

“I believe that StockCo Agrifinance is a great offering and solution for farmers in Australia and New Zealand,” he said. “I am excited by the prospect that our team of Livestock and Agrifinance professionals will, and can have direct input into the financial success of our customers.”

With COVID-related uncertainty growing both at home, and overseas, Mr Snell said he was optimistic about the livestock sector and the future for Australian farming.

“It is hard to predict what will happen in a COVID world, however I’m confident that with the current and hopefully prevailing weather conditions we’re experiencing, agribusiness will be a shining light for Australia. The world still needs food, and when an industry is providing high-quality products as we are in Australia, we should continue to see demand,” he said.

As the Australian beef and sheep industries begin the long and slow proces of herd and flock recovery after drought, StockCo recently launched a new breeder stock finance product for the Australian market. Click here to view earlier report.