
The Chief Executive of Sealord Group Ltd, Doug McKay, left the company at the end of April to take up a new role as Executive Chairman of Independent Liquor Company and non-Executive Chairman of Pacific Equity Partner's investments in Tegel and Griffins.
It's “back to the future” Mr McKay says in returning to the food and beverage industry in which he worked prior to Sealord. He says his time at Sealord will prove invaluable.
Mr McKay became Chief Executive of Sealord Group in October 2002.
“One of the highlights of being at Sealord is that we've delivered a balance sheet that is really very strong and the company is in terrific heart to do what the board wants to do in the future,” he said.
“My other highlight is that I'm finishing at Sealord with the same team I started with five years ago. The team here has been great.”
“I've really enjoyed both shareholders [Aotearoa Fisheries Limited and Nippon Suisan Kaisha, Limited]. Both have unique capabilities with their history in fishing and Sealord is a major exporter for New Zealand.”
All in all, Mr McKay says the fishing industry has been a wonderful experience. “I've loved it. The seafood industry is special. It was a privilege to lead New Zealand's biggest seafood company, which is renowned globally, and it would have been satisfying to take Sealord through the next stage of its global growth strategy.”
In February, former Sealord Chairman Rob McLeod said that under Mr McKay's leadership, Sealord delivered record results in very difficult business conditions, expanded its global reach and created a platform for further profitable growth.
“We wish Doug well in his new role, although we are very disappointed to lose a CEO whose strong leadership and sound grasp of strategic planning has enabled Sealord to achieve challenging goals in a challenging global export environment,” Mr McLeod said.
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