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UPL accelerates OpenAg with appointment of Carlos Pellicer as Chief Operating Officer



Posted On : 2021-04-19 22:26:14( TIMEZONE : IST )

UPL accelerates OpenAg with appointment of Carlos Pellicer as Chief Operating Officer

UPL, a leader in global food systems and sustainable agriculture technologies, announces today that it is appointing Carlos Pellicer as Chief Operating Officer, effective immediately. Pellicer has been a key architect of UPL's integration of Arysta (following its acquisition by UPL two years ago). The company is 'Reimagining Sustainability', powered by its OpenAg purpose to create sustainable growth for all.

"The potential for our business to create new value is incredible," said Pellicer. "UPL is uniquely positioned to deliver superior performance over the next few years. Our ambition is to be the new No.1 at the cross-point of sustainable food systems and sustainable ag. We have a fantastic team around the world and I look forward to activating all this creative energy, as we accelerate OpenAg to the next business level", he said.

Jai Shroff, UPL CEO, said, "Carlos is an amazing entrepreneur, the best I have seen in my career, who is truly committed to our mission of making every food product sustainable. The originator of our OpenAg purpose, his commitment to a purpose-led strategy has brought new energy and focus across our entire operations. With Carlos at the helm, together with our experienced executive leadership team and 12,000 dedicated UPL people worldwide, I am confident we will grow better and faster than our peers", he said.

Pellicer, who brings over 30 years of experience in the Ag industry, was previously COO - Strategy, Innovation & Integration at UPL. He originally joined UPL with the acquisition of DVA in Brazil, building a successful Crop Protection business in that agricultural powerhouse from scratch and then playing a key strategic role in creating a strong position for UPL globally.

Pellicer's appointment comes as Diego Casanello is leaving UPL to pursue new opportunities outside the sector. Casanello will be available to UPL until 31st May 2021 for a smooth transition. On his departure, Jai said, "Diego played a leading role in the Arysta integration with UPL and post-acquisition delivered outstanding performance, better than our peers. He provided a clear strategic direction to the team. His heart will always remain with UPL and we will always stay connected with him".

Casanello said, "I leave UPL in tremendous shape to continue its march towards sustainable agriculture and look forward to seeing the investments in our OpenAg strategy produce winning results in the next years".

Shares of UPL Limited was last trading in BSE at Rs.597.75 as compared to the previous close of Rs. 611.55. The total number of shares traded during the day was 98584 in over 2090 trades.

The stock hit an intraday high of Rs. 609 and intraday low of 587.15. The net turnover during the day was Rs. 58806271.

Source : Equity Bulls

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