Announcement
ADMIN: SAN: Peter Reidie appointed as Sanford CEO
08:35am
SAN
21/12/2020 08:35
ADMIN
PRICE SENSITIVE
REL: 0835 HRS Sanford Limited (NS)
ADMIN: SAN: Peter Reidie appointed as Sanford CEO
21 December 2020
NZX Continuous Disclosure
Peter Reidie appointed as Sanford CEO
The Chairman of Sanford (NZX: SAN), Sir Rob McLeod announced today that the
company has appointed Mr Peter Reidie as its new Chief Executive Officer.
The appointment follows a rigorous recruitment process over more than three
months, which assessed internal as well as external candidates. The board
was very impressed by the calibre of applications received.
Peter Reidie has extensive primary sector experience. He is currently CEO of
the Farmlands Cooperative Society, a position he has held for over five
years. Previously, Mr Reidie was Managing Director for Australia and New
Zealand at Goodman Fielder.
"The Sanford Board is very pleased to have appointed Peter, given his
relevant and lengthy experience as a commercial leader across a range of
settings, and the deep insights he offers on local and international consumer
markets," said Sir Rob.
"Peter's personal qualities and values shone out during the recruitment
process. He is pragmatic and empathetic, has a strong focus on health and
safety, and has the ability to get alongside growers and other stakeholders
who ultimately give companies their social license to operate. All those
qualities will be highly valued in his new role at Sanford.
"Our strategy was reiterated at the recent annual shareholder meeting:
Sanford will get closer to its customers and increase our ability to create
value, while maintaining our strong capabilities as a commodity producer of
beautiful seafood."
Peter Reidie said he was delighted to have secured the role and the
responsibility to lead this iconic New Zealand business into its next stage.
"Sanford is a great business. Its people are highly engaged and motivated
and I can't wait to join them in 2021.
"I have fresh perspectives to bring to Sanford and I am clear on my mission.
I welcome the challenge of navigating the business and its people through the
current volatile conditions, while working towards a long-term vision to grow
sustainable shareholder returns."
Mr Reidie said that a more prosperous Sanford will be good for the seafood
industry as a whole and will ultimately contribute to New Zealand's exporting
success.
Sir Rob McLeod said the Sanford Board wanted to publicly thank Andre Gargiulo
for the excellent job he has done as acting CEO over the past few months,
helping Sanford to adjust quickly to a dynamic environment.
Peter Reidie's start date at Sanford will be announced in the New Year. Mr
Gargiulo will continue in the role of Sanford's Acting CEO until Mr Reidie
joins the company.
Investor inquiries:
James Schofield 021 334 774
End CA:00365381 For:SAN Type:ADMIN Time:2020-12-21 08:35:30
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