Feb 24 (Reuters) - Graincorp Ltd :
* Chairman transition and fy17 earnings guidance
* Don Taylor has indicated his intention to retire as chairman and director of Graincorp effective from 1 May 2017
* Taylor will be succeeded by experienced company director Graham Bradley Am.
* Expects to report fy17 underlying ebitda in range of $385 million to $425 million
* Sees fy17 underlying npat 2 of $130 million to $160 million (fy16: $53 million)
* Company intends to appoint Bradley to Graincorp board on 1 March 2017 and he will assume chairmanship following Taylor's retirement Source text for Eikon: Further company coverage: