Market – January 15, 2024
Former CEO quits board after more than thirty years
New Zealand salmon producer’s first ever CEO steps down from his role on the board.
New Zealand King Salmon announced on Monday the retirement of Paul Steere, a long-serving member of the board, from his position as Independent Non-Executive Director and Chair of the Audit, Finance and Risk Committee.
The company has appointed Paul Munro to succeed Paul Steere.
Steere, a founder of the company, has been associated with NZKS for more than thirty years and was the company’s first ever CEO, having joined in 1994.
The industry veteran transitioned to the role of an Independent Non-Executive Director after his tenure as CEO ended in 2009. He has also served as the Chair of the Audit, Finance and Risk Committee.
In a statement issued on Monday, NZKS expressed deep gratitude for Steere’s extensive contributions and leadership, which it claimed had been instrumental in the company’s growth and success. Steere’s resignation will take effect on 31 March 2024.
Munro’s appointment is part of the company’s strategic focus on robust governance and financial oversight, according to the statement. His background includes a 24-year tenure with Deloitte as a Corporate Finance Partner, along with various governance roles across diverse sectors such as agriculture, energy, professional services, distribution, and healthcare.
