Peter Zuellig, the founder of Golden Springs Group and a trustee of Regal Springs, has died.
Zuellig founded the Golden Springs Group, an Asian holding company that purchased a minority stake in Regal Springs Tilapia in 2015, and later took 100 percent control of the company in 2016. Earlier this year, Zuellig sold 75 percent of Golden Spring’s stake in Gold Coin Management Holdings Ltd. – a manufacturer of animal feed within Asia with 21 production facilities in 11 countries – to Pilmico, a subsidiary of Aboitiz Equity Ventures.
While Golden Springs and Zuellig no longer had a controlling stake in Regal Springs, they were prominent investors and believers the company, according to Regal Springs CEO Achim Eichenlaub.
"Myself and the Regal Springs team are deeply saddened by this news. Everyone at Regal Springs send our deepest sympathies to Mr. Zuellig’s family,” Eichenlaub said. “It was a great privilege to work with Peter Zuellig, who shared our vision of building on Regal Springs pioneering 30 years old history to continue towards always being the best and most sustainable Tilapia business in the world.”
Regal Spring’s long-term strategy, structure, governance, and management will be unaffected by Zuellig’s passing, according to a release by the company.
“Whilst we cannot replace Peter Zuellig, we all shared a common goal of what we want to achieve at Regal Springs and we know that he would expect us all to implement the strategy that we have set,” Eichenlaub said.
Photo courtesy of Regal Springs
