Auckland, New Zealand-based Sanford Limited is on a search for a new chief financial officer after announcing the resignation of its current CFO, Katherine Turner, last week.
In a statement, Sanford Limited said Turner's resignation will become effective 30 September, 2021.
“On behalf of Sanford, I would like to thank Katherine for her commitment and the contribution she has made to the organization over her time with us. Among her achievements, she has managed the balance sheet adeptly through a very difficult period and led the company’s system replacement project SanCore,” Sanford CEO Peter Reidie stated. “Katherine has been a key member of the executive that has delivered a turn-around in engagement scores, with her own team being one of the most engaged in the company and significantly above external benchmark. Katherine has been a dedicated and passionate member of Sanford’s leadership and we wish her all the very best in her future endeavors.”
Turner joined the company in 2018 with years of previous experience as the CFO of other companies. In 2016, Tuner and her team won CFO Awards for Finance Team of the Year, and won an award for Finance Team Culture and Talent Management in 2020.
Katherine is a graduate of the University of Auckland, an ANZ chartered accountant, and a member of the NZ Institute of Directors.
Last month Sanford reported that its net profit dropped 15 percent to NZD 16.2 million (USD 11.55 million, EUR 9.52 million), citing the continued effects the COVID-19 pandemic is having on the business.
“Global supply chain disruptions are also creating significant challenges,” Reidie stated. “Container shortages and shipping disruptions have seen space-constrained and freight prices rise significantly. Our supply chain costs have risen overall by 12 percent on a cost per tonne basis, mainly due to airfreight costs. At this point we do not see any short-term relief in global freight congestion.”
He added that while COVID impacts continue, there are early positive signs that markets are starting to reopen, and new markets are gaining traction.
Photo courtesy of Sanford Limited
