Sealord names new boss

BILL MOORE
Last updated 12:58 24/07/2014

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Sealord has appointed a Canadian-born food industry executive as its next boss.

Steve Yung, most recently managing director of McCain Foods in Australia and New Zealand will take over from Graham Stuart at the end of next month.

Like Stuart, he will be based in Auckland.

Sealord Group chairman Matanuku Mahuika said Yung had a strong set of skills that would help the company's growth and development, particularly in the Australian market.

His extensive experience in multinational food manufacturing would be extremely valuable.

"He joins the business towards the end of what we expect to be a solid financial year in which Sealord has returned to profit after the challenges of last year and is looking at opportunities to further improve its existing operations," Mahuika said.

Yung has worked in the food industry for 30 years and has experience in Canada as well as Australia and New Zealand.

He said he was looking forward to moving with his family to New Zealand "and the challenge of leading one of Australasia's largest sustainable seafood companies".

"Sealord has a proud legacy of delivering quality seafood to people around the world and I look forward to joining the Sealord team with its ever-sharpening focus on customers, an innovative approach to sustainability leadership and a proven history of shareholder returns," Yung said.

Stuart has helmed the Nelson and Auckland-based global seafood company for seven years and last year had to steer it through the fallout from a disastrous foray into Argentina which created a $47 million loss, with no dividend paid to its iwi and Japanese shareholders.

He announced his departure plan in March, when he said he had "some ideas" about his future.

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- The Nelson Mail

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