RIC Board Members reappointed

Following advice from the responsible ministers, Minister for Finance, Katy Gallagher and Minister for Agriculture, Fisheries and Forestry and Minister for Emergency Management, Murray Watt, Regional Investment Corporation (RIC) today announced RIC Board Chair, Karen Smith-Pomeroy and RIC Board Member, Prue Bondfield have both been reappointed to their respective positions for an additional 2-year term.   

This is recognition for the stability and confidence the RIC Board is bringing to the strategic direction of the RIC as an important enabler for growing a stronger Australian agricultural industry.  

Chief Executive Officer, John Howard, welcomed the Board reappointments which will continue to drive strong momentum within the RIC.

“Congratulations to Karen and Prue on their reappointments to the RIC Board. This is acknowledgement of their strong leadership, expertise, and experience in finance and agriculture, and recognition for their passion in driving the RIC’s vision to build thriving regional communities,” Mr Howard said.   

As an Australian Government concessional loan provider, RIC supports farm and farm-related businesses in financial need to prosper and grow after severe business disruption from natural disaster, drought, pests or biosecurity risks. In addition, RIC loans play an important role to assist farmers to start up, provide support with succession planning and can spark innovation and investment towards a sustainable future.  

For more information about the RIC Board, please visit ric.gov.au/about/board

Media Contact: Melanie Monico | E media@ric.gov.au | M 0478 401 158. 

About the Regional Investment Corporation  
Regional Investment Corporation (RIC) is a Federal Government-backed specialist finance provider of low-cost loans for farmers and farm-related small businesses in financial need to accelerate their recovery, preparedness, and growth after severe business disruption such as drought, natural disaster, pests and other biosecurity risks. Our vision is to build thriving regional communities. As at 28 February 2023, RIC has settled more than 2876 loans valued at over $3.11 billion.