Shares of UPL Ltd ended at Rs 758.20, down Rs 10.70, or 1.39% on BSE.
Agrochemical company UPL Ltd said on Thursday its board had promoted Mike Frank to the position of managing director (CEO) of UPL’s Global Crop Protection (CP) business, which manages all of CP’s assets outside of India.
Mike will serve on the UPL Crop Protection Board of Directors. Mike joined UPL in early 2022 as President and COO of UPL’s crop protection business based at its London headquarters and has been instrumental in delivering sustainable solutions in global food value chain networks to advance its OpenAg goal.
Previously, he was Executive Vice President and CEO of Nutrien Ag Solutions at Nutrien from 2017 to 2021. Mike started his career with Monsanto as a sales representative in Saskatchewan, Canada.
During his 25 years at Monsanto, he held several positions, including Global Head of Manufacturing and Supply Chain, Head of Global Chemistry, and President of Monsanto China. His last role at Monsanto was senior vice president and chief commercial officer.
Mike sits on the board of directors of Ag Growth International and is a member of the audit committee and the human resources committee. He holds an MBA from the Kellogg Graduate School of Management at Northwestern University and a degree in Agricultural Engineering from the University of Saskatchewan.
Jai Shroff, UPL Group CEO and President of UPL Corporation, said, “As we continue to realign our business and strengthen our advancement to dominate the pureplay crop protection market, we have taken a more focused approach to our structure.
“Mike Frank was the natural choice to lead this transition, bringing extensive experience leading global agricultural businesses, deep knowledge of innovative and digital technologies and a proven track record of delivering superior value for all stakeholders.
Mike has already demonstrated an impressive leadership style, entrepreneurial spirit and a strong commitment to building organizational culture,” he said.
Mike Frank said UPL has been ranked number one for sustainability in the crop protection industry by Sustainalytics for the past two years and is now ready to take the next big step.
“I believe we have the most agile and performance-driven culture to execute a transformational strategy across the globe and to pursue our mission to reinvent sustainability for farmers and food systems. Since I joined the company, I have seen firsthand the impact UPL has on farming communities in each of our regions and the strength of our ever-growing offering,” he said.