A new face is joining the team at Palgrove, with Will Heath stepping into the role of chief executive officer.
Mr Heath - who most recently was the CEO of Daybreak Cropping which built a 75,000 hectare portfolio of Australian broadacre cropping farms across WA, Victoria, NSW, and Queensland - said it was a privilege to be able to take on the stewardship of such a well-regarded brand and business.
"I am conscious that Palgrove has built a reputation based on delivering exceptional genetics and service to our clients and we are absolutely committed to continuing this," Mr Heath said.
"I am looking forward to working with the Palgrove team to guide the business through its next phase.
"I believe the Australian beef industry is very well positioned to meet future consumer demands with our reputation for producing a high quality product in a sustainable manner which is one of the many reasons I am pleased to be back in the industry."
Mr Heath has had a long-standing association with the cattle industry having worked on cattle stations in the NT and WA in the late 1990s and his family operating a sheep and cattle property west of Blackall up until 2009.
The appointment comes after David and Prue Bondfield announced earlier this year they would be stepping back from daily operations.
"We are very excited about Will's appointment, ensuring the Palgrove partnership will continue to strengthen under his leadership," Mr Bondfield said.
For Palgrove's clients, it is business as usual with genetics manager Ben Noller remaining the point of contact for any seedstock enquiries.
In 2017, the Bondfields entered a partnership with the New Zealand Superannuation Fund, enabling the operating capability and superior beef genetics to be leveraged in a highly efficient family corporate partnership.