Select Harvests Ltd Names Kristina Hermanson as New CEO From August 2026
Select Harvests names global agribusiness executive Kristina Hermanson as new Managing Director and CEO
Select Harvests Limited (ASX: SHV) has appointed Kristina Hermanson as Managing Director and Chief Executive Officer, with the new leader set to commence on 3 August 2026.
The appointment follows the departure of current Managing Director and CEO David Surveyor, who will cease in the role on 31 July 2026 after 3 years leading the Company.
The transition marks a significant governance shift at one of Australia’s largest, fully integrated almond businesses, setting the strategic direction for the years ahead.
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A senior agribusiness leader with global credentials
Hermanson is a senior agribusiness executive with more than 25 years of global experience spanning agricultural processing, manufacturing, fast-moving consumer goods (FMCG) and institutional investment management. She joins Select Harvests from Nuveen Natural Capital, where she served as Head of APAC & Africa.
Her career highlights include:
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Nuveen Natural Capital — led a portfolio of approximately A$3 billion in assets under management across 74 agricultural properties spanning almonds, macadamias and viticulture in Australia, Asia-Pacific and Africa
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FMC Corporation — Managing Director for ANZ and ASEAN
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Coca-Cola Amatil — led enterprise-wide transformation
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Archer Daniels Midland — close to a decade in profit-and-loss leadership, mergers and acquisitions and integration roles across Europe, Africa and Asia-Pacific
A mechanical engineer by training, Hermanson holds Bachelor and Master of Science degrees from the University of Wisconsin and an MBA from the UCLA Anderson School of Management, with executive education at Harvard Business School and IMD Business School. She currently serves as a director of the Australian Farm Institute and recently as a non-executive director of Marquis Macadamias.
Why the appointment matters for Select Harvests shareholders
The Board has positioned Hermanson to drive the next phase of growth and value creation, drawing on a skill mix that aligns closely with the Company’s integrated model. Her combination of deep agribusiness knowledge, a manufacturing mindset and capital discipline maps directly onto a business spanning orchards, primary processing and value-added processing.
Her direct exposure to the almond sector through almond assets managed at Nuveen, together with her recent board role at Marquis Macadamias, offers a degree of sector continuity at the leadership level.
Travis Dillon, Chair
“We are delighted to welcome Kristina to Select Harvests. She brings a rare combination of deep agribusiness knowledge, a manufacturing mindset and capital discipline, together with a genuine passion for the agricultural sector and regional Australia. The Board is confident she is the right leader to drive the next phase of growth and value creation for our shareholders.”
Kristina Hermanson, incoming Managing Director and CEO
“It is a privilege to be appointed to lead Select Harvests, one of Australia’s largest and most respected almond businesses. I look forward to working with the Board, the executive leadership team and our people to build on the Company’s strong foundations and to deliver sustainable, long-term growth.”
Understanding Select Harvests’ integrated almond business
For investors new to the sector, a “fully integrated almond business” means the Company controls its product across multiple stages of the value chain rather than relying on third parties. Select Harvests operates across three connected stages.
The model begins with orchards (Company owned, leased, joint venture and managed), moves to primary processing (hulling, shelling, sorting and packing), and concludes with secondary value-added processing (blanching, roasting, slicing, dicing, meal and paste).
Australia is a significant global almond producer, and Select Harvests is one of Australia’s largest almond companies, supplying domestic and international markets including supermarkets, health food stores, food manufacturers, retailers and the almond trade. Its orchards span north-west Victoria, southern New South Wales and South Australia, with its processing and value-adding facility (the Carina West Processing Facility) located at Wemen in north-west Victoria.
Integration allows a producer to capture margin across the value chain, which makes leadership with manufacturing and capital-allocation experience strategically relevant to the business.
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Remuneration terms and transition timeline
The key terms of Hermanson’s employment are summarised below.
| Term | Detail |
|---|---|
| Total Fixed Remuneration | $950,000 p.a. (inclusive of superannuation), plus relocation allowances to Melbourne |
| Short-Term Incentive | Up to 80% of TFR (75% cash, 25% equity deferred 12 months); eligible from 1 October 2026 |
| Long-Term Incentive | Up to 100% of TFR, equity with 3-year vesting; eligible from 1 October 2026; performance rights subject to shareholder approval where required |
| Notice period | 6 months either party |
| Restraints | Non-compete and non-solicit for up to 12 months post-cessation |
The STI and LTI equity components are subject to performance conditions, Board assessment and discretion, and shareholder approval under the ASX Listing Rules where required.
The transition will proceed as follows:
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31 July 2026 — David Surveyor ceases as Managing Director and CEO
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3 August 2026 — Kristina Hermanson commences as Managing Director and CEO
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1 October 2026 — eligibility for the STI and LTI plans begins
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