The Regional Investment Corporation (RIC) Board has announced the resignation of Board member Mr Mike Carroll.
Mr Carroll will leave the Board on 20 July 2022, having contributed farming, agribusiness and executive banking experience over the past year in his service on the Board.
“The Board would like to extend its thanks to Mr Carroll for his contribution to the RIC this past year,” RIC Chair Karen Smith-Pomeroy said.
“The Board wishes Mr Carroll all the best as he focuses on pursuing farming and taking on his new role as Chairman designate of Incitec Pivot.”
The Board will continue to operate in accordance with the RIC Act.
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About the Regional Investment Corporation
The Regional Investment Corporation (RIC) is a Federal Government-backed specialist finance provider for farmers, farm-related small businesses and plantation businesses.
Since its inception on 1 July 2018, the RIC has approved more than 2845 total loans valued at over $3.09 billion as at 30 April 2022.