Select Harvests Reports CEO Resignation Following $31.8 Million Profit in FY25

CEO Resignation and Leadership Transition

Select Harvests Limited (ASX:SHV) has announced that its Chief Executive Officer and Managing Director, David Surveyor, has decided to resign from his role. Surveyor, who was appointed in November 2022 and commenced in early 2023, will remain with the company for a six-month notice period to assist with an orderly transition as the Board initiates a search for a new CEO.

Operational and Financial Improvements Under Surveyor

During Surveyor's tenure, Select Harvests underwent a material transformation that strengthened its operational capabilities, scale, and international profile. The company notably improved its safety performance and employee engagement while delivering significant operational enhancements across horticulture, processing, and sales divisions. These efforts culminated in Select Harvests being recognised as Regional Exporter of the Year at the 2025 Governor of Victoria Export Awards.

Financially, the company reversed a substantial loss in FY23 to achieve a net profit after tax (NPAT) of $31.8 million in FY25. This turnaround was supported by operational efficiencies and market conditions, as detailed in recent reports highlighting the company’s halving of net debt and improved cash flow management. The company’s progress was documented in its February 2026 update, which outlined the strong FY25 financial performance and plans to resume dividend payments in 2026 amid favourable almond market conditions Select Harvests Halves Debt, Posts $31.8m Profit, Eyes 2026 Dividend.

Board and CEO Statements

Travis Dillon, Chairman of Select Harvests, expressed appreciation for Surveyor’s leadership, noting the exceptional safety standards and financial improvements achieved under his guidance. Dillon also highlighted the strength of the executive leadership team that Surveyor has built, which the Board believes is well-positioned to continue driving the company’s growth.

David Surveyor reflected on his time with the company, expressing pride in the collective achievements and the strategic and operational advancements made. He acknowledged the contributions of the company’s people across all levels and expressed confidence in the company’s future trajectory.

Company Profile and Outlook

Select Harvests is one of Australia’s largest almond businesses, operating integrated orchards and processing facilities across multiple states including Victoria, New South Wales, and South Australia. Its processing and value-adding facility at Carina West in North West Victoria supports its domestic and international supply chains.

The CEO transition comes at a time when the company is consolidating its financial gains and operational improvements. The Board’s search for a new CEO will be closely watched by investors, given the importance of leadership continuity in sustaining the company’s recent momentum.