Steve Yung appointed as new Sealord CEO

Steve Yung appointed as new Sealord CEO

Sealord Group Ltd’s Board of Directors has appointed experienced food industry leader Steve Yung as the company’s next CEO.

Canadian born Yung has most recently been Managing Director of McCain Foods Australia/New Zealand and will take up his new role, based in Auckland on the 25th August 2014. He was a member of the global Senior Leadership Team at McCain.

Sealord Group Chairman Matanuku Mahuika said Yung has a strong set of skills that will help the company’s growth and development, particularly in the Australian market.

“Steve’s extensive experience in multi-national food manufacturing environments will be extremely valuable as Sealord works to grow and develop our business.

“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,” said Mahuika.

Yung brings 30 years of broad multi-channel experience in the food industry; including FMCG, food service, manufacturing and agriculture across Australian, New Zealand and Canadian markets.

His leadership expertise includes strategy formulation and implementation, people development and stakeholder relationships, brand building and marketing, M&A and divestment activity.

He is 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.

Sealord is a global seafood enterprise with more than 50 years of history and a worldwide fishing, processing and marketing network. Around 1350 Sealord employees around the world deliver sustainable, quality seafood to people in more than 60 countries. Sealord is New Zealand’s best known seafood brand and our presence in Australia continues to grow. Beyond our New Zealand fishing operations, our interests include King Reef, a Barramundi farm in Queensland, Australia, a seafood processing business in the United Kingdom (Caistor, Lincolnshire), and a 50/50 joint venture, Petuna, in Tasmania.

ENDS

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