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September 10, 2020

NZ seafood group Sanford announces resignation of CEO Volker Kuntzsch

New Zealand seafood company Sanford has announced that one of its senior executives has stepped down and the search is on for a replacement.

By Leonie Barrie

New Zealand seafood company Sanford has announced its chief executive Volker Kuntzsch has resigned.

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The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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Touching on the reason for his departure, the company’s chairman Sir Rob McLeod said: “As we now move towards a greater focus on consumer-driven innovation and marketing, Volker and the Sanford board have agreed that now would be a sensible time for a new leader to drive the next phase of the strategy.”

Kuntzsch has led the company for seven years. His last day will be next Friday (18 September).

Sanford said it is starting an international search for a replacement chief executive. Until a replacement is found, chief commercial officer Andre Gargiulo will act as interim CEO.

Speaking about Kuntzsch’s departure, McLeod said: “Volker has helped transform Sanford into a progressive, values-based company with an outstanding commitment to environmental sustainability and to Sanford’s people. 

“On behalf of the Sanford team, we are grateful to Volker for his leadership and thank him for a seven year contribution as our chief executive.

“Over those last seven years we have made good progress on maximising the value of our fish products and diversifying our business, as well as turning our aquaculture business into a profitable and innovative unit.”

Last month, Sanford confirmed it is to close its fish processing facility in the coastal city of Tauranga with the majority of the 77 employees there set to lose their jobs.

It said the decision was due to decreased processing as a result of Covid-19 but also because the facility does not “meet new seismic strength requirements” introduced following the Christchurch and Kaikoura earthquakes.

In May, Sanford reported a first-half net profit of NZD19m (US$12.7m), down 17% on a year earlier. Revenue fell 7% to NZD245.5m. Sanford pointed to a “shortfall” in catch volumes for toothfish and the impact of the sale of its Tauranga-based pelagics business in March 2019.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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