Longtime Huon Aquaculture executive Philip Wiese has been appointed the new CEO of the company, following its sale to JBS Australia.
Wiese served as deputy CEO from 2011 until last month, when CEO Peter Bender, who owned a majority stake in the company along with his wife, Francis Bender, sold to the Australian subsidiary of Brazilian food-packing firm JBS. Wiese started at Huon in 2008 as chief financial officer, having previously served as commercial manager for Orica PNG, as commercial manager of Steamships Trading Company, and as CFO for Pioneer Mortgage Services.
As deputy CEO, Wiese said oversaw numerous company functions, including investor relations, lender engagement, and operations.
“As deputy CEO, I have successfully transitioned the company from a family-owned entity to a corporation with global reach,” Wiese wrote on LinkedIn.
Shares of Huon Aquaculture Group ceased trading on the Australian Stock Exchange on Wednesday, 3 November as the JBS transaction faced a decision from the Australian Securities and Investments Commission approving JBS’ takeover bid.
At a 29 October company meeting, Huon shareholders offered more than 90 percent support to concurrent acquisition proposals put forth by JBS, which has agreed to pay AUD 3.85 (USD 2.82, EUR 2.39) per Huon share, a transaction worth around AUD 425 million (USD 313.5 million, EUR 266.1 million).
Photo courtesy of Philip Wiese/LinkedIn
