Olea Australis chief steps down

Olea Australis managing director Chris Perrott has resigned from the company, stating that he has substantially achieved his goal of restructuring the olive oil producer and that he now sought a fresh challenge.

Mr Perrott will be working out his notice period of one month and will assist in a smooth transformation of his role.

He took charge of the loss-making group earlier this year amid the turmoil of a major restructuring and cost-cutting drive which had resulted in the departure of the founding managing director Gus Simpson. Olea had also sought a merger with Larenta Olives but was beaten to the punch by the Frankland River Oliver Company.