Mauritius: IBL’s Nicolas Maigrot to take over as CEO of Terra as from next year
After 22 years as the CEO of Terra, Cyril Mayer will retire at the end of this year and groom Nicolas Maigrot for his role, who will join Terra as its Deputy CEO as from October 01, 2015. (Image: Terra)
Nicolas Maigrot will be succeeding Cyril Mayer at the helm of sugar major Terra Mauricia as from January 01, 2016, following the announcement of his resignation yesterday as the Chief Executive Officer (CEO) of fisheries major Ireland Blyth Ltd (IBL), effective June 15, 2015.
“A new career opportunity has been offered to me and I have decided to seize it,” said Nicolas Maigrot.
“Before my departure, and with the full support of the Board of Directors and IBL’s senior management team, everything is being done to ensure business as usual and to prepare for the transition,” he declared.
In order to be ready to take on his new responsibilities, Nicolas Maigrot will join Terra as its Deputy CEO as from October 01, 2015.
Furthermore, after 22 years as the CEO of Terra, Cyril Mayer will retire at the end of this year.
In the meantime, the IBL board of directors is working in close collaboration with Nicolas Maigrot and the entire management team to ensure a smooth transition.
Terra, whose origins date back to 1838, is a conglomerate based in Mauritius, with vast regional operations.
The Terra Group is one of the major players in the sugar industry Mauritius, cultivating some 6,000 hectares of sugarcane in the north of the island (from a total of 7,000 hectares owned by Terra).
The group has managed, over the years, to diversify a predominantly sugar oriented company into a conglomerate with interests in power generation, alcohol manufacturing, commercial distribution, real estate development, construction and financial services.
About Ireland Blyth Limited:
Ireland Blyth Limited (IBL) is one of the largest business groups in Mauritius. It was incorporated in 1972 after the merger of two leading companies, Blyth Brothers and Ireland Fraser, which had been trading in Mauritius since the early 19th Century.
In 1994, IBL became a public company and was admitted to the Official List of the Stock Exchange of Mauritius. The Group is a 100% Mauritian entity and employs more than 7000 people.
The IBL Group operates in six main sectors of the economy: Commerce, Engineering, Financial Services, Logistics, Aviation & Shipping, Retail, Seafood & Marine.
This diverse portfolio, coupled with strong partnerships with a number of large international companies, sound strategic choices and competent management, has ensured the growth and development of IBL into one of the largest groups in the business private sector.