Livestock Improvement Corporation (LIC) is an agritech and herd improvement co-operative which exists to deliver superior genetics and technological innovation to help its shareholders sustainably farm a profitable animal.
LIC continuously features in the top 10 of the TIN100 companies and announced strong half-year results in January with an increase in revenue of more than 5%.
David Chin started in the Chief Executive role at LIC in Jan 2022 and we were curious to catch up with him and the LIC team on his first six months in office.
Congratulations again on your first six months as CEO of LIC – you obviously know the business incredibly well having held various leadership positions within LIC before your appointment as CEO. What are your top three learnings as the Co-operative’s CEO that you hadn’t expected prior to your appointment?
It's a great privilege to be the CEO of LIC. The co-operative has a very proud history going back to the first organised herd test in 1909 and it’s great to be leading the team and being at the forefront of huge technological innovations in genomics and breeding.
My top three learnings from the past six months would be: the importance of providing clarity of purpose and direction, the value in spending time with the team to really understand what they do and to stay connected with our farmers.
- Keep the connections with the farmer really strong. Our farmers are our best source of new ideas, and we are very focused on solving the problems that they face. As well as visiting farmers throughout the country we also run regular events where we invite our farmer shareholders to spend a couple of days on our farms and within our laboratories to understand more about what we do.
- Our ‘Open Agenda’ speaker series. We regularly have speakers and thought leaders come to our head office to talk to staff to keep them updated with industry trends and insights.
- Share knowledge internally. Each week we hold a ‘Knowledge Share’ where a member of staff presents on what they are working on.
Click here to learn more about Livestock Improvement Corporation.
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