(RTTNews) - Monday, China-based agri-solutions provider Agria Corp. (GRO: News ) announced, effective immediately, the appointment of Xie Tao as its Chief Executive Officer and Christopher Boddington as Chief Financial Officer, succeding Alan Lai and Raymond Lo, respectively, who are retiring effective September 14.

The group noted that Alan Lai will continue to remain in the position of Chairman of the Board of Directors, while Raymond Lo will be a member of the advisory panel of the company.

Upon joining Agria, Xie Tao will lead the management team to conduct a comprehensive strategic review of the company. In addition, Xie and Boddington will lead the company's ongoing efforts in pursuing strategic acquisitions and alliances both in China and internationally.
Xie Tao previously was engaged in advisory practice at PricewaterhouseCoopers (PwC) for 20 years where he led PwC China market corporate finance practice and served on the firm's governing board. Tao has extensive experience in China related cross-border investments and M&A and has helped structured many well-known China businesses, the company said.

GRO is currently up 2.58% at $1.99, on the NYSE.

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by RTT Staff Writer

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