Affco Holdings, New Zealand’s largest listed meat processor, has appointed a new CEO.
In a filing on the New Zealand stock exchange this morning (28 January), the firm announced that Hamish Simson will take on the role, while Rowan Ogg has been named general manager.
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Both roles are effective from 12 of February. Stuart Weston, the firm’s previous CEO, announced his resignation last week after three years of service with the company. No reason was given for Weston’s departure.
In November, the Hamilton-based meat company posted a loss in net profit for the 2009 season and recommended no dividend in 2010.
The firm recorded a net profit after tax of NZ$25m (US$17.6m) compared with NZ$60.2m last season.
The impact of the global financial crisis and lower livestock throughout presented “volatile and challenging conditions”, the company said, which was “particularly trying” for the company management.
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