Incitec Pivot Limited announced the appointment of Mr. Michael Carroll as Chairman designate of the proposed standalone Incitec Pivot Fertilisers business, should the structural separation of the Incitec Pivot Fertilisers business and Dyno Nobel business proceed. Mr. Carroll is an experienced non-executive director and has extensive executive experience in the financial and agricultural sectors. Mr. Carroll had an 18-year executive career with the National Australia Bank (NAB) including as General Manager of NAB's Agribusiness Financial Services where he was responsible for creating and leading the bank's Agribusiness division.

Prior to joining NAB, Mr. Carroll held positions in the agricultural sector with Monsanto Australia Ltd, Schering Pty Ltd. and Gene Link Aust. Ltd. Mr. Carroll is currently a non-executive director of Rural Funds Management Ltd, Paraway Pastoral Company, Viridis Ag Pty Ltd, Australian Rural Leadership Foundation, Genetics Australia and Regional Investment Corporation. Mr. Carroll is a former non-executive director of Select Harvests Ltd, Elders Limited, Sunny Queen Australia Pty Ltd, Tassal Group Limited, Geoffrey Gardiner Dairy Foundation, Rural Finance Corporation of Victoria, Queensland Sugar Limited, Warrnambool Cheese & Butter Factory Holdings Limited, Meat and Livestock Australia and the Australian Farm Institute.

Mr. Carroll holds a Bachelor of Agricultural Science from La Trobe University, a Master of Business Administration from the Melbourne University Business School and he has completed the Advanced Management Program at Harvard Business School. Mr. Carroll is also a Fellow of the Australian Institute of Company Directors.