Our People

Our People — Workforce at the Heart of the Platform

Subject to completion of the Company’s proposed acquisition and consolidation program, Terra Firma Equity Limited (ACN 675 999 747) (the Company) expects to employ more than 3,000 personnel nationally across Australia.

The anticipated workforce spans the protein value chain and includes:

Primary and secondary processing teams
Skilled production operators and maintenance personnel
Food technologists and product development specialists
Quality assurance, food safety and regulatory compliance professionals
Cold-chain, logistics and supply chain specialists
Domestic and export sales personnel
Corporate functions including finance, governance, technology and systems

Operational performance and customer supply reliability are supported by the capability and experience of these teams. Workforce capability underpins safe food production, regulatory compliance and export accreditation across retail, foodservice, manufacturing and export markets.

All workforce projections are subject to completion of proposed transactions and integration outcomes.

Management Continuity & Operating Partnership Model

Terra Firma positions itself as a long-term capital owner and operating platform participant.

The Company’s acquisition strategy is not predicated on wholesale replacement of effective management teams. Instead, subject to transaction documentation, Terra Firma intends to partner with existing operators to support integration, scale and governance enhancement.

Operational leadership is expected to remain embedded at facility level to support continuity of workforce relationships and operating culture, while corporate governance, reporting and systems are progressively aligned with institutional and public-market expectations.

There can be no assurance that proposed transactions will complete or that anticipated integration outcomes will be achieved.

Board Renewal & Composition (ASX Target State)

In preparation for a potential listing on the Australian Securities Exchange (ASX), currently targeted for the financial year ending 2028, the Company intends to progressively transition to a Board structure aligned with the ASX Corporate Governance Principles and Recommendations (4th Edition).

Subject to listing and regulatory approval, the post-listing Board is expected to comprise:

An independent Chair
A majority of independent Non-Executive Directors
Executive representation, including the Chief Executive Officer
Formally constituted Board Committees

Board appointments will seek to balance experience across agribusiness, processing operations, listed-company governance, capital markets, audit and risk oversight.

Any listing remains subject to regulatory approvals, market conditions and Board discretion.

Pre-IPO Capital Partners & Vendor Director Appointment Rights

As part of the Company’s pre-IPO capital program, certain capital providers and/or proposed vendors participating in equity consideration arrangements may, subject to definitive agreements, have rights to nominate Non-Executive Directors.

The Company anticipates that up to four (4) Non-Executive Directors may be appointed pursuant to such arrangements, subject to:

Board and shareholder approvals where required
Compliance with the Corporations Act 2001 (Cth)
ASX Listing Rules (if and when applicable)
Independence and conflicts assessment
Governance and committee composition requirements

No appointment rights are effective unless and until formal documentation is executed and all regulatory requirements are satisfied.

Governance & Risk Oversight

The Board is responsible for the Company’s strategic direction, governance and risk oversight.

The Company has adopted governance frameworks aligned with the ASX Corporate Governance Principles and Recommendations (4th Edition) and scaled appropriately for a pre-IPO operating group.

These frameworks include:

Delegations of Authority
Enterprise Risk Management framework
Internal control systems
Continuous disclosure protocols (to be fully implemented upon listing)
Securities Trading Policy
Whistleblower and Code of Conduct policies

Management is responsible for executing strategy within Board-approved parameters and reporting material risks to the Board.

Risk Management Framework

The Company applies a Three Lines of Defence model:

First Line: Operational management
Second Line: Oversight functions (Finance, Risk, Compliance, Quality, Safety, IT)
Third Line: Independent internal audit and assurance reporting to the Audit Committee

Principal risks include, without limitation:

Acquisition and integration execution
Leverage and refinancing risk
Commodity price volatility
Food safety and regulatory compliance
Export market access
Workforce and industrial relations
Operational continuity
Cyber and systems risk
ESG and regulatory risk
Listing readiness and disclosure obligations

Risk registers are maintained at site and Group level and reviewed through formal governance cadence.

Disclosure & Listing Readiness

In anticipation of a potential ASX listing, the Company intends to adopt formal continuous disclosure controls and market communication procedures.

There can be no assurance that the Company will proceed with, or successfully complete, a listing on the ASX.

Important Notice

This webpage contains summary information only and does not constitute an offer of securities.

Any offer of securities will be made in accordance with applicable law, including the Corporations Act 2001 (Cth), and, if applicable, pursuant to a Prospectus or other disclosure document lodged with the Australian Securities and Investments Commission (ASIC).

References to a proposed ASX listing are indicative only and subject to regulatory approval, market conditions and Board discretion.

Nothing on this webpage constitutes financial product advice.

Key Management PersonnelPre-IPO Executive

Terra Firma Equity Limited is supported by an executive team with operational depth across protein processing, manufacturing, risk governance, finance, sales and infrastructure development. The leadership group combines sector expertise with governance alignment as the Company progresses through its pre-IPO phase.

Pre IPO Board of Directors

Executive Chairman & Founder

Phillippe Barros

Phillippe Barros is the Founder and Executive Chairman of Terra Firma Equity Limited. He is responsible for the Company’s strategic direction, acquisition program and long-term capital structure as Terra Firma develops a nationally integrated protein platform.

Mr Barros brings extensive experience across the protein processing and wholesale distribution sectors, with a background in vertically integrated supply chains and operational platform development. He provides leadership across strategic planning, capital partnerships and governance as the Company progresses through its consolidation and pre-IPO phase.

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Executive Director – Digital & Manufacturing

Matthew Karcz

Matthew Stanley Karcz oversees the Group’s digital commerce initiatives, pet food division, manufacturing optimisation and sustainability programs. His role integrates technology, production systems and product development across Terra Firma’s operating platform.

Mr Karcz is responsible for advancing digital sales channels, supporting the development of the Group’s pet food manufacturing operations and driving efficiency across processing and value-added facilities. He also leads sustainability and co-product utilisation initiatives, including circular-economy and waste-to-energy programs aligned with the Company’s long-term infrastructure strategy.

Executive Director – Foodservice & Retail

Stephan Panasewycz

Stephan Panasewycz is responsible for the Group’s foodservice and retail strategy across domestic markets. A qualified butcher with extensive industry experience, he oversees customer engagement, product specification programs and alignment between manufacturing capability and market demand.

Mr Panasewycz works closely with production and sales teams to support the development of retail and foodservice product programs, ensuring consistent quality, supply reliability and customer-focused product innovation across Terra Firma’s operating platform.

Executive Leadership Team

Chief Financial Officer & Company Secretary

Joe Fekete

Joe Fekete oversees the Company’s financial management, corporate governance and statutory compliance functions. He is responsible for financial reporting, treasury oversight, internal controls and supporting the Board and its committees.

Mr Fekete plays a key role in strengthening Terra Firma’s governance and financial reporting frameworks as the Company progresses through its consolidation program and prepares for potential public marketreadiness.

In-House Legal Counsel

James David Mapleston

James David Mapleston provides legal oversight across the Company’s corporate, commercial and governance matters. His responsibilities include legal advisory support to the Board and executive team, transaction documentation, regulatory compliance and risk management.

Mr. Mapleston supports Terra Firma’s consolidation program and governance framework as the Company progresses through its pre-IPO phase and institutional development.

Head of Livestock Division

Alan Schmidt

Alan Schmidt leads the Group’s livestock procurement strategy across beef, lamb, pork and veal supply streams supporting Terra Firma’s processing operations. He is responsible for supplier engagement, procurement discipline and maintaining consistent livestock supply aligned with production requirements.

Mr Schmidt works closely with producers, supply partners and internal operations teams to coordinate livestock sourcing across domestic processing facilities. His role supports supply chain continuity, quality standards and alignment between livestock procurement and Terra Firma’s domestic and export market programs.

Executive Team Members

Head of Foodservice & International Markets

Andrew Chan

Andrew Chan leads Terra Firma’s foodservice sales operations across domestic and international markets. He is responsible for customer development, strategic account management and expansion of the Company’s foodservice distribution channels.

Mr Chan works closely with manufacturing, logistics and product development teams to align value-added product programs with market demand. His role supports the growth of Terra Firma’s foodservice platform across domestic hospitality sectors and selected international markets.

Chief Plant & Maintenance Officer

Pat Martino

Pat Martino is responsible for overseeing plant performance, maintenance systems and operational infrastructure across Terra Firma’s processing and manufacturing facilities. With more than 20 years of experience across manufacturing industries, he brings extensive operational expertise to the Group’s facility management and engineering functions.

Mr Martino leads maintenance strategy, plant reliability programs and infrastructure development across the Company’s operations. His role supports operational efficiency, production continuity and the integration of facilities as Terra Firma progresses through its consolidation and pre-IPO phase.

Our Corporate Governance Policy

Corporate Governance Documents
Access Terra Firma Equity Limited’s corporate governance policies, charters and related governance documents.

Click here to view and download our Corporate Governance Policy Suite.

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