High Liner Foods, a leading player in the food and beverage industry, has chosen Paul Jewer, their chief financial officer, as its interim CEO following the resignation of Rod Hepponstall. [food and beverage industry trends]
This decision comes as High Liner Foods searches for a permanent replacement after Hepponstall’s sudden departure. As part of this transition, Jewer will continue fulfilling his role as CFO, a position he has held since 2014. [food and drink business]
“Paul’s extensive experience and successful leadership at High Liner Foods will bring stability and continuity to our organization during this important phase,” stated Robert Pace, Chair of the High Liner Foods board. With Jewer’s appointment, Hepponstall will be leaving the company immediately. [food and drink consumer trends]
High Liner Foods, a publicly-listed company, operates in the United States and Canada, offering a variety of seafood products under well-known labels such as High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day. Additionally, the company supplies private-label seafood to North American food retailers and foodservice distributors. [food and beverage industry trends]
“I am both humbled and honored to serve as the interim chief executive officer of this remarkable organization,” expressed Jewer. “During this interim period, I am excited to collaborate with our exceptional leadership team to build upon our strong foundation and momentum.” [food and drink business]
In its latest financial results for the 26 weeks ending July 1, High Liner Foods reported a 6.4% increase in sales to $583.5m. However, their adjusted EBITDA experienced a slight decline of 0.9% to $53.2m, while net income decreased by 41.1% to $19.8m. Nevertheless, the company achieved an outstanding 22.2% growth in sales, generating $1.07bn in 2022, compared to the previous year. [food and drink consumer trends]
