The board of Sealord Group Limited has today announced the appointment of former McCain Foods executive Mr Steve Yung to take the helm as its new Chief Executive.
Steve will take up the position on 25 August, replacing Graham Stuart, who has been in the job since 2007. Graham announced his resignation from the position at our Hui-a-Tau in late March. Sealord Group is 50 percent owned by iwi and Te Ohu Kaimoana through Aotearoa Fisheries Limited and 50 percent by Japanese seafood giant Nippon Suisan Kaisha, Limited (Nissui).
Te Ohu Kaimoana Chairman, Matiu Rei, said today, “Sealord has gone through some tough times in the last few years, most recently from the fallout related to exiting its Argentina operations. The company did not issue a dividend to its Māori and Japanese shareholders last year as a result. The good news is that Sealord has returned to profit and is working to further improve its operations. We look forward to working with Mr Yung when he takes up his role.”
The Chairman of Aotearoa Fisheries Limited, Whaimutu Dewes, and AFL's Chief Executive, Carl Carrington, are also looking forward to working closely with Steve.
Steve Yung was most recently Managing Director of McCain Foods Australia/New Zealand. He has been involved in food service, manufacturing and agriculture businesses in Australia, New Zealand and Canadian markets for the last 30 years. Currently Melbourne-based, Steve is looking forward to moving with his family to New Zealand.
Sealord’s Chairman Matanuku Mahuika says Mr Yung has a strong set of skills that will help the company’s growth and development, particularly in the Australian market.
Read Sealord’s media statement about the appointment here