The Board of Sugar Terminals Limited (STL) appointed two additional independent non-executive directors to augment its capability ahead of July 1, 2017, when STL will assume oversight of the operation of its six bulk sugar terminals and contract directly with terminal users as agreed with Queensland Sugar Limited (QSL) in December 2016. The Board appointed Mr. Mark Gray and Mr. Sam Bonanno as independent non-executive directors of the Company, bringing the total number of directors to seven, and the total non-executive independent directors to three. At the Board meeting on March 7, 2017, Mr. Gregory advised that while he would remain an independent director of the Company, he would stand down as Chairman at the end of the meeting to pave the way for Mr. Gray to assume the role. Following Mr. Gregory's resignation as Chairman, the Board appointed Mr. Gray as the new independent non-executive Chairman of STL. In the coming weeks, the STL Board is expected to appoint two permanent, full-time senior executives: a Chief Executive Officer and a Financial Controller & Company Secretary. Upon their appointment, STL's current General Manager and Company Secretary, Mr. Peter Trimble, will step back from the day to day business into an advisory role.