Food and Beverage Business

Zespri CEO Dan Mathieson announces departure from kiwifruit group

Zespri CEO Dan Mathieson announces departure from kiwifruit group Zespri Food and Beverage Business

Zespri’s CEO, Dan Mathieson, has announced that he will be leaving the helm of the kiwifruit supplier to become president of berry supplier Driscoll’s operations in the Americas. Mathieson has worked for the New Zealand-based business for over two decades and was promoted to chief executive seven years ago. Under his exceptional leadership, Zespri grew its sales from almost NZ$2.3bn ($1.4bn) in 2016/17 to a peak just over NZ$4bn in 2021/22, prior to the Covid-19 pandemic, with continued growth expected in the coming years, said Bruce Cameron, Zespri’s chairman.

In the company’s 2022/23 fiscal year, it booked an “operating revenue” of NZ$4.22bn, which was 5% lower than the previous year. Revenue from fruit sales fell 3% to NZ$3.92bn, with volumes at 183.5m trays, compared to 201.5m trays a year earlier. Net profit after tax, including license revenue, was NZ$237.8m, against NZ$361.5m in the previous financial year.

Mathieson is expected to stay with Zespri during the 2024 harvest and the start of the sales season until his successor is appointed. In November, when Zespri released a forecast for the 2023/24 season, it predicted “record levels” for tray returns for its Green, Organic Green and Ruby varieties, as well as higher returns for Zespri SunGold. Mathieson stated, “We know demand is growing strongly and with what has so far been a good growing season, we’re focused on delivering a large, great-tasting, and high-quality crop to our customers and consumers and delivering great value back to our growers and partners.”

Alongside the company’s growth, Zespri is continually adapting to ‘food and beverage industry trends’ and ‘food and drink business’ to meet consumer demands. This will significantly impact the shift towards ‘food and drink consumer trends’. “Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge” with profiles available to purchase.