properties, Anna Creek, is the biggest cattle station in the
world at 23,000 square kilometres. (ABC
News: Kerry Straight)
Australia’s richest businesswoman Gina Rinehart is looking for
a managing director to take the Kidman cattle empire into a new
Current managing director Greg Campbell, who shepherded S
Kidman and Co through a controversial, two-year sales process,
is retiring, according to a statement from Mrs Rinehart’s
Hancock Prospecting and its one-third joint-venture partner,
Chinese conglomerate Shanghai CRED, bought the iconic pastoral
business last year for $386.5 million.
The sale process fired a national debate about the foreign
ownership of Australian farmland.
Treasurer Scott Morrison blocked two bids which would have seen
either sole or majority ownership of the country’s largest
private landholding by Chinese companies.
Greg Campbell joined Kidman as a Landcare manager 24 years ago.
Hancock Prospecting thanked him for his service.
“Greg will remain CEO and assist in the transition period, as a
new appointment is undertaken,” the statement said.
“The new shareholders have approved a multi-million-dollar
capital development plan to reposition the company.
“This will be achieved through a number of measures, including:
rebuilding the herd (after a number of poor rainfall years),
increasing sustainable carrying capacity, introducing new
technologies for efficiency and productivity, evaluating the
introduction of a branded Kidman beef product and implementing
industry-leading safety and animal welfare standards.
“These plans are being actively implemented and [are]
Co’s cattle stations are spread out over 101,000 square
kilometres of central Australia. (Supplied)