Puerto Montt, Chile-based salmon farmer Multi X – previously known as Multiexport Foods – has appointed José Ramón Gutiérrez del Pedregal as administration and corporate finance manager, effective February 2022, the company reported to securities regulator CMF.
Gutiérrez – who currently works as Multi X’s manager of optimization, innovation and development, leading value chain optimization, innovation management, and the analysis and implementation of development projects – is to replace current admin and finance manager Gino Manríquez, who submitted his resignation “to take on new professional challenges in the city of Santiago,” the company said.
Gutiérrez joined Multi X in January 2020 as financial planning and development manager, leading the company’s strategic and budgetary planning, project development evaluation, the relationship with the capital market nationally and internationally, and the development of the business intelligence area.
Before joining Multi X, he worked for 12 years in the financial industry, eight of them in New York, first at the stock brokerage LarrainVial Corredora de Bolsa S.A. and then at Mitsui & Co. (U.S.A.), Inc.
The announcement marks the second management move in under two months for Multi X. At the end of October, it said that the then-business manager at Chilean salmon farmer Ventisqueros, Fernando Pérez Saavedra, would replace Ricardo Grunwald as the company's business manager.
Multi X saw its operating incomes and consolidated profit increase in Q3 2021 due to strong sales to the U.S. and Brazil. Its operating income jumped by 62.4 percent to USD 172 million (EUR 152 million) during the third quarter of 2021, from USD 106 million (EUR 94 million) Q3 2020. The total was also 14.5 percent higher compared to the second quarter of this year.
The salmon farmer’s Q3 consolidated profit came in at USD 32 million (EUR 28.4 million), compared to a loss of USD 40.7 million (EUR 36.1 million) in the same quarter of last year. That total was also an increase over the previous quarter, which saw a profit of 29.6 million (EUR 26.2 million).
Photo courtesy of Multi X
