Nufarm has promoted chief operating officer Greg Hunt to the agribusiness' top job.
Mr Hunt had been serving as acting chief executive since February when Nufarm's veteran boss Doug Rathbone stepped down after four decades with the crop spray maker and seeds supplier.
Chairman Donald McGauchie said Mr Hunt was chosen for the job after a global search and had demonstrated strong leadership in driving Nufarm's drive to improve performance and slash costs by $100 million.
"We remain on target to significantly strengthen our returns to shareholders through targeted cost savings, more effective management of working capital, and profitable growth," Mr McGauchie said on Tuesday.
"The board has full confidence in Greg being able to deliver on those objectives."
Mr Hunt said the changes being introduced at Nufarm would build on the company's foundations.
Mr Hunt, a former managing director at Elders Rural Services, will receive $1.2 million in fixed remuneration a year as well as short and long-term bonuses.
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