When the AWTA Ltd Wool Education Trust was first formed in 1997 there were 5 Trustees, 3 appointed by AWTA Ltd and 2 by the Australian National Committee of the International Wool Textile Organization. This was increased to 8 after a grant from AWI was offered and accepted, allowing AWI to appoint 3 Trustees, with FAWO replacing the ANC. The name of the Trust was changed to the Australian Wool Education Trust.
Over the past two years the Trustees have reviewed the management of the Trust’s investment portfolio. As a consequence, Trustees are now less directly involved in the investment decisions, having established a portfolio based on indexed funds, and providing the investment manager with parameters to be applied in adjusting the portfolio to meet the Trust’s investment objectives.
This has enabled the Trustees to focus more on the Trust’s educational objectives:
The Trustees unanimously decided to reduce their number from 8 to 5. This has been facilitated by the resignation of Mr Brian van Rooyen (the current Chairman), Mr Gordon Dickinson and Mr Geoff Fisken.
The continuing Trustees are:
|AWTA Ltd||Michael Jackson: (Chairman of Trustees)
Managing Director, AWTA Ltd Director of New Zealand Wool Testing Authority Ltd and JinAo Testing Company Ltd
Peter Sommerville: (Secretary of Trustees)
Principle, PJS Services Pty Ltd, formerly Corporate Development Manager, AWTA Ltd, now retired.
Formerly Divisional Manager, AWTA Ltd Product Testing; Managing Director, Macquarie Textiles Group; now retired
|AWI||Cameron Archer AM PSM:
Chairman, Primary Industries Education Foundation. Formerly Principal, Tocal Agricultural Centre, now retired
Principle Fellow, Faculty of Veterinary & Agricultural Science, Melbourne University
By unanimous agreement the Trustees appointed Mr Michael Jackson as Chairman.
These changes take effect from 30th June 2019.