Masterpet Corp announces changes for future growth

Tuesday 15 December 2009

Masterpet Corp announces changes for future growth

Australasia’s leading pet accessories and premium pet food distributor Masterpet Corporation has appointed Sean Duggan as its Group CEO.

The move reflects the continued strong growth of the Wellington-headquartered company on both sides of the Tasman. Sales increased 20.6 percent in the year to October and the organisation sees considerable further opportunities for growth, particularly in Australia.

Mr Duggan, who has been with Masterpet for six years, was previously CEO Australia.

Current CEO Brent Wootton is redirecting his efforts as Executive Director, New Business and Acquisitions.

Mr Wootton, whose father John started Masterpet in 1954, holds a 25% share in Masterpet Corporation. The remaining shares are held by Wellington-based investors and senior staff.

In another development, long serving CFO Graham Stirling has been appointed Group Financial Director.

Mr Wootton said the Board was delighted to appoint Mr Duggan to Group CEO.

“Sean has an outstanding track record in the pet industry, and is exactly the right person to lead Masterpet as it expands further,” Mr Wootton said.

“The growth in Australia - almost 50% in the last 12 months alone – is testament to the strategies Sean has implemented, with a strong emphasis on service, technology and accessing new retail channels.”

Mr Duggan, formerly a veterinarian, marketing manager for IAMs Australia and senior executive with MARS, has a unique blend of skills and experience in fast-moving consumer goods and in meeting the needs of animals.

Masterpet Corporation is Australasia’s leading provider of accessories and premium pet food to veterinarians, supermarkets and pet stores. It employs 300 people in New Zealand and Australia.

Masterpet entered Australia in 1997 by purchasing 50% of Pets International, and purchased the balance of its shareholding acquired in August 2002.

ENDS

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