Olam launches 2019 Integrated Annual Report
Issued by Olam International
Global food and agri-business Olam International Limited has launched its 2019 Annual Report.
April 22, 2020 - Global food and agri-business Olam International Limited has launched its 2019 Annual Report, which outlines how the company has:
The report includes:
Sunny Verghese, Olam’s Co-Founder and Group CEO, said: “We ended Year One of our Strategic Plan on a strong note having executed well, meeting or exceeding most goals and targets for 2019. Coupled with the re-organisation of Olam, this has put us in the best possible position to navigate the challenges of the COVID-19 pandemic in which our priority is ensuring the safety and wellbeing of our staff while working with stakeholders to ensure supplies continue with as little interruption as possible. With Olam’s role at the centre of delivering food, feed and fibre to the world, living our Purpose of ‘Re-imagining Global Agriculture and Food Systems’ has never been more critical.”
A.Shekhar, Chief Executive Officer of Olam Food Ingredients (OFI), said: “The re-organisation of Olam, building on our Strategic Plan, enables us to unlock intrinsic value in our portfolio. At OFI, we continue to work closely with customers to provide the tailored solutions they need, both today in these extraordinary times and in the future. Our unique value offerings - traceable, sustainable supply chains via AtSource, reliable logistics and innovative applications and ingredient solutions - are even more fundamental in helping our customers grow their businesses in the post COVID-19 era.”
Key achievements in 2019 included:
Strong financial performance:
Continuing to Re-imagine Global Agriculture and Food Systems, including:
Building on the Strategic Plan to unlock further intrinsic value; announced Re-organisation of Olam in January 2020 into two operating groups: Olam Food Ingredients (OFI) and Olam Global Agri (OGA), under one holding company Olam International (OIL)
To read the 2019 Annual Report: www.olamgroup.com/investors/investor-library.html
To learn more about how Olam is joining the global fight against the COVID-19 pandemic: https://www.olamgroup.com/news/response-to-covid-19.html
Nikki Barber, Group Head of Public Relations
Olam International is a leading agri-business operating from seed to shelf in 65 countries, supplying food and industrial raw materials to over 13,800 customers worldwide. Our team of 23,000 employees has built a leadership position in many businesses including cocoa, coffee, cashew, rice and cotton.
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