NEW YORK - African Agriculture Holdings Inc (NASDAQ:AAGR), a company engaged in optimizing agricultural potential in Africa, has announced the appointment of Michael Rhodes as its new Chief Executive Officer. Rhodes, with a background in large-scale agriculture and development financing, succeeds Alan Kessler, who will maintain his roles as Chairman and Chief Strategy Officer.
Rhodes' experience spans over four decades, including direct management of over 16,000 hectares of farmland across various East and West African nations. His expertise extends to commercial-scale farming of alfalfa and other forage crops, crucial for animal feed, and implementing international agricultural standards in the region. Additionally, Rhodes has a track record of securing over $1.5 billion in financing for global development projects.
The company's board members, including African Agriculture Director Russell Read and Ambassador (Ret.) Bisa Williams, have expressed confidence in Rhodes' ability to enhance the company's commercial relationships and extend its reach to institutional investors interested in the West African region's growth opportunities.
African Agriculture Holdings focuses on leveraging Africa's agricultural resources, which include 60% of the world's remaining arable land, to create sustainable job opportunities and generate shareholder value. The company aims to be a leading supplier of quality animal feeds and related agricultural products in West Africa and beyond.
The information for this article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.