Ms Foote joined the LIC Board in 2014 as an independent director and Chair of the Audit, Finance and Risk Committee.
Chairman Murray King said Abby's experience and professionalism have been highly valued by the Board.
'Since her appointment in 2014, Abby's extensive experience in a number of diverse areas has provided a wealth of benefit to LIC and the Board.
'Abby has been instrumental in creating a step-change in the health and safety culture at LIC and she brought valuable insight into the audit and risk areas of the business. She also played a key part in the capital structure review of the co-operative and the work to simplify LIC's share structure.
'With the share simplification to be implemented in July, this is an opportune time for Abby to stand-down and focus on other governance commitments.'
The LIC Board is made up of seven farmer-elected directors, and three independent directors. A replacement independent director will be appointed at the Annual Meeting.
Livestock Improvement Corporation Limited published this content on 17 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2018 22:02:04 UTC