Mr Terrence (Terry) O’Brien – Chairman, Independent Non-Executive Director Mr O’Brien was appointed to the Company Board on 3 February 2017 and was elected Chairman by the Board on 10 May 2017. He is also, from 1 July 2017, Chairman of the Remuneration and Nominations Committee and a member of the Finance, Audit and Risk Management (‘FARM’) Committee. Mr O’Brien was, from 2001 until 2017, the Managing Director of Simplot Australia Pty Limited, the US owned, but Australian centric, food processor and marketer. Amongst Simplot’s stable of brands are John West, Birdseye, Leggo’s, Edgell and Lean Cuisine. He was also the Chairman of the Australian Food and Grocery Council for five years to August 2017. Since announcing his retirement in early 2017, Terry is transitioning to a portfolio career. He is a Director of Food Innovation Australia Limited, a Government company supporting the food and Clean Seas Seafood Limited – Consolidated Financial Statements 7 For the year ended 30 June 2017 agribusiness sector. He is also a Director of Foodbank Australia, a not for profit provider of food aid to Australian families in need. An accountant by training, Terry has been active in finance and management roles in the textile industry for ten years and in the food industry for over thirty years having spent approximately nine years at Cadbury Schweppes and twenty-four years at Simplot. At Simplot Terry has been responsible for a number of divestments and acquisitions, which alongside organic growth has seen Simplot sales increase nearly threefold during his tenure as Managing Director to become approximately 25% of the global JR Simplot agribusiness company. Mr O’Brien is a Fellow of CPA Australia and a Fellow of the Australian Institute of Company Directors.
This guy is definitely a good addition to the board. Having been with Simplot for so long and now with the company (CSS) having processing capability.. there are always possibilities that could arise (connections and the such). I was at the Woolworths freezer and the product range which Simplot support is massive. I picked up a really well packaged (individually wrapped fillets of whiting)... might not seem much but the packaging is superb and there are always ways to sell premium foods even frozen-fresh.
Don't forget:
At the Annual General Meeting of Clean Seas Tuna Limited (ASX:CSS) in Adelaide on the 28th November, Dr Hagen Stehr was re-elected as a Director and announced his intention to retire from the Board during his renewed term. As a firm guide of his intentions, Dr Stehr anticipates his resignation occurring over the next 12 to 15 months or when an outcome is reached on litigation arising from taurine deficient feed supplied to Clean Seas between late 2008 and mid-2012. He assured shareholders that he will provide ample notice of his retirement date.
Hagen may be planning to accumulate some shares once he leaves the board, which may not be his biggest holdings (through shell co's). Always a possibility. If the SP remains depressed/unloved he will pickup a bargain, if or when he decides to snap up some packages. There are alot of questions, but to me it seems like a good LT strategic stock to hold on to.
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