Sanford names Volker Kuntzsch as CEO, replacing Barratt

Sanford named seafood industry veteran Volker Kuntzsch as chief executive, replacing Eric Barratt who is retiring after 15 years leading the New Zealand's largest listed fishing company.

Kuntzsch is currently president of Nippon Suisan (USA) and CEO of Brunswick, Georgia, US-based Prince Seafood Corp. Previous jobs include global marketing director at Nippon Suisan Kaisha in Tokyo, and managing director of Namibia's Hangana Seafood, Sanford said in a statement. He has also worked for Unilever Europe.

He will take up the new job in early December.

Shares of Sanford climbed 3.4 percent to $4.60 and have gained about 4 percent this year.

Earlier this month, Sanford said profit in the year ending Sept. 30 will fall short of its forecast after lower catches of skipjack tuna and toothfish and slow growth in its main Marlborough mussel growing area.

Profit will probably be $23 million to $25 million in the year ending Sept. 30, from $21 million last year, the Auckland-based company said in a statement. That's less than Sanford forecast in May when it said second half profit would probably match the $14 million posted in the first half.

(BusinessDesk)

This article is tagged with the following keywords. Find out more about My Tags

Comment & Question

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7841 0.0008 0.10%
AUD 0.8888 0.0015 0.17%
EUR 0.6225 0.0011 0.18%
GBP 0.4904 0.0007 0.14%
HKD 6.0812 0.0066 0.11%
JPY 85.7520 0.1850 0.22%

Commods

Commodity Price Change Time
Gold Index 1198.1 -13.740 2014-10-30T00:
Oil Brent 86.2 -0.880 2014-10-30T00:
Oil Nymex 81.1 -1.180 2014-10-30T00:
Silver Index 16.4 -0.830 2014-10-30T00:

Indices

Symbol Open High Last %
NZX 50 5370.2 5405.3 5370.2 0.33%
NASDAQ 4532.1 4575.5 4549.2 0.37%
DAX 9091.1 9147.0 9082.8 0.35%
DJI 16968.1 17224.0 16974.3 1.30%
FTSE 6453.9 6483.2 6453.9 0.15%
HKSE 23913.7 24046.4 23702.0 1.05%
NI225 15817.1 16533.9 15658.2 4.83%